Partnering with City of London Police: Our Proposal for a Dedicated Energy Theft Unit
Electricity and gas theft remain a significant issue for the energy sector, driving up consumer costs and jeopardising safety. We commissioned research in 2022 that estimated energy theft in Great Britain at between 636–1,059 GWh of gas and 1,703–2,837 GWh of electricity, costing between £0.9 billion and £1.4 billion and adding about £50 to each […]
Read our second Quarterly Report
We are excited to share our second quarterly report, offering a comprehensive update on RECCo’s progress against the four strategic priorities in our 2024-2027 Strategy and Forward Work Plan (FWP) and how our services are performing so far. We aim to keep stakeholders well-informed and uphold transparency throughout the FWP’s life cycle by providing regular […]
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. […]
Event postponed – Come and speak with us: Countdown to Market-Wide Half-Hourly Settlement
Note: This event has been postponed The MHHS Programme has submitted Change Request CR-055, which proposes postponing the MHHS go-live date from March to August 2025. As a decision on CR-055 is not expected by 13th November, there will still be uncertainty regarding key programme milestones at that time. Due to this, we have decided […]
Get Involved: Test the New Market-Wide Half-Hourly Settlement EES API
The upcoming Market-Wide Half-Hourly Settlement (MHHS) programme introduces significant changes to the Electricity Enquiry Service (EES), and we need your help to ensure a seamless transition. Starting October 31st, 2024, a test version of the updated EES API will be available to all users. This is your opportunity to explore the new Portal and API, […]
We’re ready to bring consumer consent to the retail energy market
Ofgem has launched a new consultation on the development of an industry-wide consumer consent mechanism that will make it easier for consumers to consent to sharing their energy data. When shared securely with trusted third parties, this data will be key to reducing consumer bills, reducing energy and focusing on when people use energy, ultimately […]
Introducing our first Quarterly Report
We are pleased to present our first quarterly report, which provides a comprehensive update on our progress towards the four key priorities outlined in our Strategy and Forward Work Plan (FWP) for 2024-2027 and how our services are performing so far. By implementing quarterly reporting, we aim to keep stakeholders informed throughout the life cycle […]
Webinar round-up: Countdown to Market-Wide Half-Hourly Settlement
On July 18th, 2024, we hosted a webinar for all REC Parties to explain the significant changes that Market-Wide Half Hourly Settlement will bring to REC arrangements. The webinar also covered the tasks REC Parties must complete over the next nine months to ensure REC compliance at MHHS go-live. We want to extend our gratitude […]
Successful first payment cycle: Prepayment Levelisation achieved for 39.95 million energy meters
We are pleased to announce that the initial payment cycle for the Prepayment Levelisation scheme was a great success. Industry submitted their data within the agreed timescales, and only minor data validation errors were identified, which were quickly rectified. Invoices were issued on time, and 99.9% were paid within the time limits, meaning that monies […]
Update on RECCo’s continuous improvement programme for the Code Manager Service
As part of our commitment to ‘Delivering Service Excellence’ outlined in our Forward Work Plan for 2024-2027, we have initiated a programme of further enhancements for the Code Manager service for 2024/25, as the initial term of the Code Manager Service Providers’ contracts ends in August 2024. This project aims to thoroughly evaluate the performance […]