Price cap - Supplementary consultation on the true-up process for COVID-19 costs
Related links
- Price Cap – Decision on the true-up process for COVID-19 costs
- Price cap – notice to delay COVID-19 true-up decision and work on debt-related costs
- Default Tariff Cap
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We had previously concluded that the COVID-19 pandemic had resulted in additional material costs, specifically debt-related costs for credit meter default tariff customers. An additional allowance was included in cap periods six and seven as an adjustment allowance. This was set as a float, which we would “true up” later using final costs.
We are running this supplementary consultation to gather stakeholder views on the methodology options after stakeholders suggested an alternative methodology to what we consulted on in May 2022.
We are seeking written responses by 20 October 2022.
Update 20/02/2023: We have now published responses to this consultation below on this page.
Respond name
Retail Price Regulation
Respond email
retailpriceregulation@ofgem.gov.uk
Main document
[Price Cap – Supplementary consultation on the true-up process for COVID-19 costs [PDF, 703.61KB]
Subsidiary documents
[Annex 8 - adjustment allowance methodology v1.6.1 [XLSX, 890.90KB]
[Stakeholder responses [ZIP, 415.01KB]
Related links
- Price Cap – Decision on the true-up process for COVID-19 costs
- Price cap – notice to delay COVID-19 true-up decision and work on debt-related costs
- Default Tariff Cap