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Share Name Share Symbol Market Type Share ISIN Share Description
Centrica Plc LSE:CNA London Ordinary Share GB00B033F229 ORD 6 14/81P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.54 1.78% 88.18 87.36 87.52 89.20 86.96 87.00 39,172,473 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 12,249.0 -577.0 41.0 2.2 5,152

UK Energy Watchdog Opens Price-Cap Consultations -- Update

19/11/2021 11:39am

Dow Jones News


Centrica (LSE:CNA)
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From May 2021 to May 2022

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By Joe Hoppe

 

The U.K.'s energy regulator said Friday that it has launched consultations on new price-cap proposals to ensure prices reflect the costs, risks and uncertainties facing energy suppliers, including changing maximum charges.

The Office of Gas and Electricity Markets said the consultations will assess the impact of market volatility on price caps, the process for updating default tariff caps and setting maximum charges, and allowing Ofgem to change caps outside the usual six-month cycle. Others concern Covid-19 costs, prepayment meter customers, and adaptations for the energy company obligation scheme.

Ofgem said it will accept views from interested parties on the proposals until Dec. 17. Most decisions will be published by the beginning of February, Ofgem said, adding that a final decision relation to coronavirus costs will be published by August.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

November 19, 2021 06:24 ET (11:24 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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