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The autumn 2024 energy price cap disclosure consultation closed

Ofgem's call for input on disclosure arrangements for the autumn 2024 energy price cap consultation closed on 20 November 2024, covering how models and data are shared with stakeholders.

A newspaper on a kitchen table beside a model of rules and regulation

Ofgem's call for input on disclosure arrangements for the autumn 2024 energy price cap consultation closed on 20 November 2024. The call for input was published on 5 November 2024 and is now marked as closed1.

The document set out how the regulator would share information with stakeholders or their advisers taking part in the disclosure exercise for the debt-related costs adjustment allowance and operating cost allowance review1. Ofgem stated that it intended to disclose models under certain information security arrangements so that those parties could engage with the topics under consultation1.

"We intend to disclose models subject to certain information security arrangements so that stakeholders or their advisers can take part with the topics they are being consulted on."
Ofgem, Energy price cap disclosure arrangements: autumn 2024 consultation1

The regulator said it would take steps to protect the data, including subjecting it to the terms of a confidentiality ring and anonymising it1. Six template confidentiality undertakings were published alongside the main document, covering advisers, authorised attendees, firms and relevant parties, together with compliance statement guidance1.

The page gives two dates for responses. The stated closed date is 20 November 2024, while the "how to take part" section asked for completed forms to be returned by Tuesday 19 November 20241. Responses were directed to priceprotectionpolicy@ofgem.gov.uk1.

This call for input concerns the process for sharing information during a review of two allowances within the default tariff cap, rather than the level of the cap itself. The energy price cap limits what suppliers can charge households on default tariffs. The wider framework for how such reviews are run is set out in the site's guide to energy consultations.

Why it matters for households

The debt-related costs adjustment allowance and the operating cost allowance are components that feed into the costs the cap is designed to reflect. How those allowances are reviewed, and how the underlying models and data are disclosed to the parties taking part, shapes the evidence base for the cap. For a household, the practical link is indirect: the cap is the mechanism that sets the ceiling on default tariff unit rates and standing charges, so the treatment of cost allowances can bear on what appears in future cap levels. The disclosure arrangements themselves do not change any household bill. They determine who can see the modelling and under what confidentiality conditions while the review proceeds.

The price cap history page tracks every level and the announcement dates, for readers wanting the sequence of cap decisions rather than the consultation process.

What happens next

The call for input is closed1. No outcome, response summary or next stage for the disclosure exercise has been reported on the page reviewed. The page does not state when the debt-related costs adjustment allowance and operating cost allowance review will conclude, nor when any resulting change to the cap would take effect.

Sources1 cited
  1. Energy price cap disclosure arrangements: autumn 2024 consultation | Ofgem, ofgem.gov.uk