Regulation 23 Reference tariffs

(1)

For each scheme year the Authority must, in relation to each relevant supplier, for each combination of—

(a)

fuel type supplied by the supplier; and

(b)

payment method accepted by the supplier,

designate a tariff offered by the supplier as a reference tariff for the purpose of determining the value of discounted tariffs provided by the supplier.

(2)

In designating a tariff as a reference tariff, the Authority must take account of the desirability of a reference tariff meeting as many as possible of the criteria specified in paragraph (3).

(3)

The criteria referred to in paragraph (2) are that the tariff—

(a)

is available to all domestic customers;

(b)

is an enduring tariff; and

(c)

is not offered with an incentive (such as cashback, or discounts on other products).

(4)

The Authority must consult a relevant supplier before designating a tariff offered by that supplier as a reference tariff.

(5)

In paragraph (3)(b), “enduring tariff” means a tariff which—

(a)

has been continuously available to new customers for a period of not less than one year; or

(b)

the Authority is satisfied that the supplier intends to make continuously available to new customers for a period of not less than one year.