Update on the last resort claim process for 2023
Correspondence and other
- Publication date
- Industry sector
- Supply and Retail Market
On 20 December 2022, Ofgem published its decisions on a number of Last Resort Supply Payment (LRSP) claims submitted by Suppliers of Last Resort (SoLRs) as part of the temporary multiple claim process established in December 2021.
This letter sets out the details of the assessment process for 2023, as well as Ofgem’s expectations for SoLRs’ final True-up claims for the LRSP claims that were approved in December 2022 under the temporary multiple claim process.
We have also published updated templates for suppliers to complete and submit to us to make a claim for Last Resort Supply Payments. These templates include details of the methodology suppliers should follow in calculating their costs with supporting information and guidance. There is an updated template for each of the four cost categories: wholesale costs, credit balances, working capital and other costs.