Detail
This document sets out our decision, and reasoning underpinning our decision, to amend temporarily REC price caps in order to reflect excessive levels of bad debt costs arising from the Covid-19 pandemic. The maximum prices that Retailers can charge business customers subject to price caps will increase by 0.49% from April 2022. This uplift will apply for two years. Our decision represents a change from our December 2021 proposals, which consulted on an increase of 0.31%. This document also sets out the revisions to the REC that will be necessary to implement our decision. A revised model, with the calculations setting out the basis for the 0.49% uplift, has been published alongside this document. This decision does not affect household customers.