This report sets out the outcome of our review into whether conditions are in place for effective competition in domestic supply contracts. It includes our recommendation on whether the default tariff cap should remain in place for 2021. Our analysis follows the assessment framework that we published in October 2019.
We have concluded that these conditions are not yet in place and recommend retaining the price cap on default and standard variable tariffs (the “default tariff cap”) for 2021. This report and the analysis underpinning it meets the requirements under Section 7 of the Domestic Gas and Electricity (Tariff Cap) Act 2018.