CMA

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’

The UK’s watchdog found no competition concerns

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

The Competition and Markets Authority (CMA) said the proposed tie-up would not affect householders

The UK’s competition watchdog provisionally cleared the deal last month