CMA
The Competition and Markets Authority is inviting comments from interested parties until 6th November 2019
The database was one of the recommendations made by the competition watchdog in 2016 following a two-year investigation of the retail energy market
A revised methodology to calculate the cap means customers would pay an extra £1 a week on average
Under the proposals, the Competition and Markets Authority will receive new powers to decide if consumer law has been broken by companies
The competition watchdog intends to adjust the methodology used to calculate its prepayment price cap ‘in order to better reflect costs’
As part of the deal, RWE is selling its 76.8% stake in innogy to E.ON
The provisional decision and consultation is expected to be published this summer
It will use information on the progress of the smart meter rollout to determine whether the prepayment price cap would need to be revoked early or extended
Here’s a quick timeline that takes you through it
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