Domestic Gas and Electricity (Tariff Cap) Bill

Part of the debate – in the House of Commons at 3:26 pm on 6th March 2018.

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Photo of Oliver Letwin Oliver Letwin Conservative, West Dorset 3:26 pm, 6th March 2018

Looking at clause 2(1)(b), as drafted, it seems perfectly clear to me that Ofgem will have to set out how the cap is to be calculated, which positively points in the direction of a formulaic rather than an absolute position.