Commentary on provisions of the Act Section 2: Tariff cap conditions
Subsection (1) requires, among other things, that the tariff cap conditions set out how the cap is to be calculated. It also sets out where Ofgem has discretion regarding the content of the tariff cap conditions.
	Subsection (2) sets out restrictions on the content of the tariff cap conditions.
	Subsections (3) requires Ofgem to consult on the methodology for how the cap level is to be calculated before introducing tariff cap conditions and gives Ofgem the discretion to undertake subsequent consultations regarding the methodology.