We welcome the judgement of the court regarding the treatment of wholesale costs that energy suppliers incur to serve their customers, and the court’s assessment of the wholesale costs applicable to the first period of the energy default tariff cap.
This outcome underlines the importance of transparent and rigorous regulatory processes to ensure well-designed regulation that is in the interest of a well- functioning energy market, which in turn allows participants to operate with confidence and ultimately benefits all energy consumers.
We look forward to continuing to work closely with the government and the regulator on the development of future policy and we remain committed to delivering for our customers’ changing needs, including through our involvement in the transition to a lower carbon future.