Price cap - Supplementary consultation on the true-up process for COVID-19 costs
Consultation
- Upcoming
- Open
- Closed (awaiting decision)
- Closed (with decision)
- Publication date
- Closed date
- Industry sector
- Supply and Retail Market
- Related consultations
- Consultation on the true-up process for COVID-19 costs
- Decision
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