LORDS AMENDMENT TO THE

Domestic gas and electricity (Tariff cap) Bill

[The Clause reference is to HL Bill 100, the bill as first printed for the Lords]

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.”