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Executive Team Update – June 2023

Our Chairman, Chris Anastasi would like to share the following message with all RECCo stakeholders: “I am writing to inform you of a temporary planned change to our Executive Team at the Retail Energy Code Company (RECCo), which I anticipate being in place for up to 6 months. The RECCo Nominations Committee and Board have […]

Board Highlights April 2023

  Market-wide Half Hourly Settlement Project The Board were presented with the detailed RECCo work programme and the team responsible for delivering the Market-wide Half Hour Settlement initiative. RECCo has a key role in the delivery of the Market-wide Half Hour Settlement (MHHS) Programme which will require updates to the REC and REC Systems reflecting […]

We’ve finalised our Strategy & Forward Work Plan document for 2023-26

After several rounds of feedback and stakeholder webinars around our strategy and budget, we’re pleased to publish our finalised Strategy & Forward Work Plan for 2023-26. You can read this in full here. What is the Strategy & Forward Work Plan? Our Strategy and Forward Work Plan 2023-26 sets our vision and key priorities for the […]

February Board Highlights

Read the highlights from RECCo’s February board meeting below. Strategy and Forward Work Programme Consultation outcomes The Board received a report on the RECCo consultation on its draft Strategy and Forward Work Plan, and the accompanying financial projections, for the period 2023-2026. RECCo’s Strategy and Forward Work Plan (FWP) aims to strike the right balance […]

How can we effectively govern non-domestic brokers?

We’re hosting two workshops on the 21st and 22nd of March 2023 for non-domestic Suppliers and Brokers to share their views. We’ll discuss options to strengthen the market and protect consumer interests, such as implementing a code of conduct.    We want to develop the Retail Energy Code to protect consumer interests, regardless of which […]

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 […]

Market Stabilisation Charge period 10 invoices have been issued

Invoices for MSC Period 10 have been issued today, 14th February 2023 and payment from Suppliers is due on the 28th February 2023, 10 Working Days from today. All other MSC invoice periods remain unchanged and the MSC invoice schedule has been updated here. If you need further information, please contact our team at: enquiries@recmanager.co.uk […]

Join our 2023/24 budget webinar

On 01 March, we’ll be hosting our 2023/24 budget webinar! The webinar follows the publication of our Strategy & Forward Work Plan 2023-26 last month. If you missed that document and webinar, you can access this here. The consultation for the Forward Work Plan has now closed. What to expect In our budget webinar, you […]