Join our Webinar: Shaping RECCo’s Strategy and Forward Work Plan 2025-28
We’re excited to invite all stakeholders to our webinar on Thursday, 7th November, from 10:30am to 12:00pm, where we’ll discuss and welcome your input on RECCo’s Strategy and Forward Work Plan (FWP) for 2025-28. In this 90-minute session, you’ll learn about: Our strategy development process and the journey ahead. Our decision to separate the Strategy […]
October 2024 Board Highlights
Highlights from our October 2024 Board Meeting.
An update on the regulation of Third-Party Intermediaries in the Retail Energy Market
Third-party Intermediaries (TPIs) are crucial in helping consumers navigate the market, offering guidance on the best energy tariffs and services. As the market becomes more complex, with factors such as consumption timing, flexibility and the ability to sell energy back into the system increasingly influencing costs, the role of TPIs will become even more significant. […]
Our response to: Ofgem’s Consumer Consent consultation: RECCo’s role in shaping the future of energy data sharing
We recently submitted our response to Ofgem’s consultation on a new digital solution enabling consumers to share their energy data with trusted third parties in return for tailored services. Key highlights of our response Over the past two years, we have engaged with a wide range of stakeholders to ensure that the proposed consumer consent […]
World Mental Health Day: Fostering mental wellbeing at work
The 10th October marks World Mental Health Day, a global initiative dedicated to raising awareness, promoting education, and advocating against mental health stigma. This year, the World Health Organisation (WHO) has chosen the theme “Mental Health at Work,” emphasising the importance of creating mentally healthy workplaces. In line with this, the charity Mind is spearheading […]
Reduction in MHHS charges to REC Parties from October 2024
In May 2024, we discussed our plans to enhance RECCo’s budget process and improve transparency for stakeholders. Our goal is to ensure that our stakeholders can easily understand our policies and expenditures while also providing the information necessary to demonstrate that they, and ultimately consumers, are getting value for money. Today, we are pleased to […]
2023-24 Budget underspend of £9.8m to be returned to funding parties in October 2024 rebate
The financial performance for 2023-24 marked a significant milestone, reflecting our first full year of delivering the complete suite of Retail Energy Code (REC) services. Our 2023-24 budget was carefully designed to balance addressing immediate challenges and preparing for future needs as outlined in our approved strategy. Following the statutory audit of our 2023-24 results, […]
Gas Enquiry Service (GES) migration planned for October
We’re back with another update on the Gas Enquiry Service (GES) platform migration following our August article. Here’s the latest on our progress towards implementing a more efficient and robust system. June migration rollback Despite thorough testing and monitoring, our initial attempt to migrate on 22nd June 2024 uncovered some unexpected data issues. As a […]
Chris Anastasi to complete his final term as Chair of the REC Board in March 2025
The REC Board will soon begin the search for a new Chair as Chris Anastasi completes his second and final term in March 2025. After six years of dedicated service, Chris leaves a legacy of strong governance and strategic leadership. Throughout his tenure, Chris has played a pivotal role in steering the REC Board through […]
RECCo on the Road: Come and share your views
It was great meeting so many of our stakeholders last year to gather feedback on the services we provide to the energy sector. We’re hitting the road again this year and want to connect with even more of you! Our team will be visiting Manchester, Birmingham and London to update you on the work we […]