Your opportunity to vote: Appointment of RECCo’s Commercial Non-Executive Director
Background In accordance with Clauses 5.6-5.9 of the Retail Energy Code (REC), we are notifying all REC Parties that the REC Board, at its meeting on the 12th of June 2024, unanimously approved a recommendation of the Nominations Committee that David Wylie, Non-Executive Director (Commercial) be re-appointed for a second 3-year term from 1st October […]
Board Highlights June 2024
June 2024 Board – update on RECCo’s programme of work.
Introducing our 2023-24 Annual Report
We are delighted to present our Annual Report for 2023-24. This report provides an overview of our activities in the previous financial year, including our major accomplishments, operational highlights, and our performance compared to our budget. Read the report in full here.
Join the Enquiry Services Stakeholder Advisory Group
To support the Enquiry Services evolution project, we are establishing a Stakeholder Advisory Group (SAG); a group of industry stakeholders who will be able to offer guidance, diverse perspectives, and insights from experienced service users throughout the project lifecycle.
Enhancing the REC Change Process: Addressing challenges and implementing improvements
We’ve detailed the key changes that we’ve started to make this year to improve the REC Change Process for stakeholders alongside the Code Manager.
Transforming the Central Registration Service: Consultation and our plans
On May 21 2024, Ofgem initiated a consultation on the future of the Central Registration Service (CRS). The purpose of this consultation is to gather feedback from stakeholders.
Improving Performance Assurance: Your feedback in action
Alongside the Code Manager, we have started to improve the Performance Assurance service based on your feedback. Our key changes so far are detailed below.
2023/24 Rebate announcement and process enhancements for 2024/25
We are pleased to provide an early estimate of RECCo’s 2023-24 rebate, which is projected to be in the region of £9.5 million. The final value will be confirmed in our statutory audit, due to complete in Summer 2024. This rebate will be returned to Parties as a reduction against October 2024 invoices. We achieved […]
Our response to: A call for input on affordability and debt in the domestic retail market
On May 13th, RECCo responded to Ofgem’s Call for input on affordability and debt in the domestic retail market. We made the following points: In light not least of rising levels of energy debt, affordability challenges will remain irrespective of falling prices and an enduring cost support scheme is urgently needed; A priority should be […]
Join the Switching Advisory Forum as we plan for the potential transfer of the Central Registration Service
Ofgem launched a consultation on the future of the Central Registration Service (CRS) on 21st May as part of the broader DCC Review Phase 2. This consultation seeks feedback on the proposal to remove the CRS provision from the DCC License and transfer the obligation to the Retail Energy Code (REC), managed by RECCo. Stakeholders […]