23Standing offer prices

23 Standing offer prices

23 Standing offer prices

(1) Publication of standing offer prices A retailer must publish its standing offer prices on its website, and the standing offer prices so published remain in force until varied in accordance with this section.

Notes—

(2) Variation of standing offer prices A retailer may vary the standing offer prices from time to time, but a variation has no effect unless—

(a) it is made in accordance with the requirements (if any) of jurisdictional energy legislation; and

(b) the variation (or the standing offer prices as varied) is published on the retailer’s website.

(3) Publication and notification of variation A retailer must—

(a) publish the variation (or the standing offer prices as varied) on the retailer’s website; and

(b) publish a notice about the variation in a newspaper circulating in the participating jurisdictions in which the retailer has small customers, notifying customers that—

(i) there has been a variation; and

(ii) the variation (or the standing offer prices as varied) is published on the retailer’s website; and

(c) inform each affected customer of the variation when the retailer sends the next bill to the customer.

(4) Commencement of variation on specified date Unless subsection (5) applies, a variation of the standing offer prices takes effect on and from the date specified in the variation.

(5) Limitations on commencement of variation A variation of the standing offer prices takes effect—

(a) if the date specified in the variation is before or within the period of 6 months starting with the date the last variation took effect (or, if the standing offer prices have not previously been varied, the period of 6 months since the date of publication of the standing offer prices)—on the date that immediately follows the 6-month period; or

(b) if the date specified in the variation is before or within the period of 10 business days starting with the first business day after the date on which the variation was published—on the date that immediately follows the 10-day period.

If both paragraphs (a) and (b) are applicable and the dates mentioned in those paragraphs are different, the variation takes effect on the later of those dates.