Price cap - Call for Input on the allowance for debt-related costs
Call for input
- Open
- Closed
- Publication date
- Closed date
- Industry sector
- Supply and Retail Market
The gas price crisis and government interventions such as the Energy Price Guarantee (EPG) and the Energy Bills Support Scheme (EBSS) mean the default tariff cap (the ‘cap’) allowance for debt-related costs may have materially deviated from the efficient costs of a notional supplier in 2022/23. Other developments, including the continuation of greater EPG support and prepayment meter (PPM) practice changes may also have an impact on debt-related costs in 2023/24.
This Call for Input (CFI) provides all interested stakeholders with an early opportunity to help shape Ofgem’s policy thinking around whether an adjustment to the debt-related costs allowance in the cap may be required, looking in the round at 2022/23 costs and allowances and anticipated costs and allowances in 2023/24.
We are seeking written comments on the questions set out in the CFI by Monday 15 May 2023. Please send your comments to: priceprotectionpolicy@ofgem.gov.uk