What is the maximum price for the resale of electricity and gas?
The maximum resale price is the most that anyone can charge for re-supplying electricity and gas which has already been bought from an authorised supplier. It is set by the industry regulator; Ofgem.
Anyone who changes more than the maximum resale price may face civil proceedings for the recovery of the amount overcharged, and they may be required to pay interest on the amounts overcharged.
The maximum price at which electricity or gas may be resold is the same price as that paid by the person who is reselling it (“the reseller”), including any standing charges.
An example of a reseller is where a landlord is passing on the costs of electricity and gas to their tenants.