Domestic Gas and Electricity (Tariff Cap) Bill - Report

Part of the debate – in the House of Lords at 5:00 pm on 27th June 2018.

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Moved by Lord Grantchester

11: After Clause 8, insert the following new Clause—“Ongoing relative tariff differential(1) The Authority must, during the term of the tariff cap conditions being in place, develop, ready for implementation, a relative tariff differential.(2) A relative tariff differential is a requirement on supply licence holders that the difference between the cheapest advertised rate and the most expensive standard variable or default rate shall be no more than a specified proportion of the cheapest advertised rate.(3) The Authority is responsible for setting the proportion referred to in subsection (2).(4) The relative tariff differential takes effect on the termination of the tariff cap conditions.”