Consultation on extending short-term interventions and adjusting MSC calculation
Consultation
- Upcoming
- Open
- Closed (awaiting decision)
- Closed (with decision)
- Publication date
- Closing date
- Industry sector
- Supply and Retail Market
- Decision
We consulted from 28 June 2022 to 18 July 2022 on extending the Market Stabilisation Charge (“MSC”) to 31 March 2023 and invited comments on extending the ban on acquisition-only tariffs (“BAT”) to the same date. We also consulted on changes to the MSC calculation methodology to reflect our announcement of 16 May 2022 relating to price indexation in the default tariff cap (the “Second Indexation Guidance Letter”).
The decision document sets out Ofgem’s decision to proceed with all the above changes. We have taken into account the responses received to the consultation and have considered them in the light of how to best protect consumers’ interests.
Due to ongoing high gas and electricity prices, short term interventions are still required to protect the interests of consumers as they were initially intended.
Non confidential responses to this consultation are published below.