In an open letter addressing the continuing assessment of extra wholesale prices and advantages for the interval from October 2022 to September 2023, the power regulator has introduced a delay within the follow-up session.
The meant session, initially scheduled for late September, has been rescheduled to late November or early December 2023 to make sure the evaluation and calculations concerned are “strong”.
The letter additionally outlines the framework for assessing whether or not an adjustment to the cap on power costs is warranted and invitations stakeholders to supply their views and feedback on the matter by twenty third October
Wholesale gasoline and electrical energy costs, which had been traditionally excessive, have seen a big discount since reaching their peak within the second half of 2022 and early 2023.
With costs stabilising, the regulator is revising its method to retail regulation to adapt to the altering market situations, together with a assessment of the default tariff cap method to align it with the prices confronted by power suppliers.
The regulator initiated a assessment of suppliers’ wholesale prices for default tariff prospects between October 2022 and September 2023, aiming to find out whether or not an adjustment to the value cap is important, in both route.
Following an open letter in July, a Request for Data was despatched to related suppliers to assemble proof and knowledge for this evaluation.
The delay within the session may also affect the implementation date of any adjustment, doubtlessly transferring it from January 2024 to April 2024, on the earliest.
Ensure you try the newest Internet Hero Podcast episode:
