Request for Information to monitor requirements for derogated renewable standard variable tariffs
Summary
Ofgem is issuing its routine annual Request for Information to suppliers that hold a derogation from the default tariff cap for renewable standard variable tariffs, covering the period 1 April 2023 to 31 March 2024. Derogated suppliers must return a quantitative and qualitative cost template by 6 January 2025 to renewablederogations@ofgem.gov.uk. This is a compliance monitoring exercise under an existing derogation regime, not a change to the cap or the derogation criteria.
Why it matters
This affects only the handful of suppliers running cap-derogated 100% renewable tariffs and changes nothing about market structure or what consumers pay. The derogation itself is the more interesting object: it carves an exemption out of the price cap for suppliers that can document higher genuine renewable procurement costs, which is a compliance burden that incumbents with the staff to file annual cost templates can absorb more easily than small entrants.
Key facts
- •Annual RFI to monitor compliance of all suppliers granted a derogation from the default tariff cap
- •Reporting period: 1 April 2023 to 31 March 2024
- •Responses due by 6 January 2025 to renewablederogations@ofgem.gov.uk
- •Collects quantitative and qualitative data on total and renewable costs
- •Main document: Ofgem Cap Derogations Final RFI Monitoring Letter (PDF); Final RFI Monitoring Template (XLSX)
Timeline
Areas affected
Memo
Request for Information to monitor requirements for derogated renewable standard variable tariffs | Ofgem Please enable JavaScript in your web browser to get the best experience. BETA This site is currently in BETA. Help us improve by giving us your feedback . Close alert: Request for Information to monitor requirements for derogated renewable standard variable tariffs Publication type: Call for input Publication date: 28 October 2024 Topic: Energy pricing rules Subtopic: Energy price cap Get emails about this page Print this page Related links Introduction of annual monitoring requirements for derogated renewable standard variable tariffs, from the default tariff cap Guidance: Derogation requests for renewable tariffs from the default tariff cap Share the page Share on Facebook Share on Twitter Share on LinkedIn We are issuing this annual Request for Information (RFI) in order to monitor compliance of all suppliers that have been granted a derogation from the default tariff cap for particular tariffs. It collects quantitative and qualitative information on suppliers’ total and renewable costs. This submission will apply to all existing derogations for the preceding year (1 April 2023 to 31 March 2024). We are seeking responses from derogated suppliers by 6 January 2025. Please respond by email to renewablederogations@ofgem.gov.uk . If you have any questions concerning this information request or require more information please contact renewablederogations@ofgem.gov.uk . Main document Ofgem Cap Derogations Final RFI Monitoring Letter [PDF, 131.39KB] Subsidiary documents Final RFI Monitoring Template [XLSX, 303.43KB] Get emails about this page Print this page Related links Introduction of annual monitoring requirements for derogated renewable standard variable tariffs, from the default tariff cap Guidance: Derogation requests for renewable tariffs from the default tariff cap Share the page Share on Facebook Share on Twitter Share on LinkedIn Close Notify me Would you like to be kept up to date with Request for Information to monitor requirements for derogated renewable standard variable tariffs ? subscribe to notifications: Email Submit Close