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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.

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 […]

Enhancing Transparency: Our plans to improve RECCo’s Budget process

RECCo plays a crucial role in the energy sector by working closely with REC Parties and stakeholders to ensure the retail energy market runs efficiently and effectively. To achieve this goal, we are transparent in our budget process, allowing stakeholders to clearly understand RECCo’s policies and expenditures. We are continuously striving to improve this process […]

REC Charging Statement

The REC Charging Statement provides information to parties on their REC charges. This document will also be made available on the REC Portal.

Introducing our annual budget for 2023-24

We’re happy to publish our proposed annual budget for 2023-24. You can read it in full here or using the button below. In accordance with the Retail Energy Code, the REC Board has agreed a 2023-24 Budget, which has been prepared using a zero-based budgeting methodology. This is a good-faith estimate of the anticipated costs […]