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<p>The Domestic Gas & Electricity (Tariff Cap) Act places a duty on Ofgem to set
a temporary price cap on standard variable and default tariffs.</p><p> </p><p>On 6th
September 2018, Ofgem published a statutory consultation, in which they propose a
methodology for setting the cap level which takes account of supplier costs including
for the wholesale cost of energy. Ofgem propose setting the initial level of the cap
at £1,136 and will update the cap on a regular basis to reflect changes in costs,
including wholesale energy prices.</p>
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