Join our webinar: Countdown to Market-Wide Half-Hourly Settlement
We are inviting all REC Parties to a Market-Wide Half-Hourly Settlement (MHHS) webinar on July 18th, 2024. In this webinar, we will explain the important changes MHHS will bring to REC arrangements, as well as the activities REC Parties must complete over the next nine months to ensure REC compliance. To learn more and register, […]
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.
Work continues to finalise our Third Party Intermediary Code of Practice
On March 12th, we hosted a webinar which discussed our plans to introduce an accreditation and audit framework to the Third-Party Intermediary (TPI) Code of Practice. This code was originally published in October 2023. After receiving feedback during the webinar, we have taken some time to review the questions and observations that were raised. Before […]
Reflecting on the conclusion of the Market Stabilisation Charge
In October 2023, Ofgem announced that it would allow the Market Stabilisation Charge (MSC) to lapse after the 31st March 2024. Now that the settlement process has ended, we want to take the opportunity to highlight key information for Suppliers and reflect on the scheme’s success. Understanding the Market Stabilisation Charge (MSC) The MSC was […]
Your guide to Prepayment Levelisation
We are delighted to announce that the Prepayment Levelisation scheme was successfully launched on April 1st, 2024. We are proud to have delivered this service within the allocated timeframe and budget
Strategy & Forward Work Plan 2024-27
Following consultation and stakeholder engagement, we’re pleased to publish our final Strategy & Forward Work Plan for 2024-27. Your invaluable input and feedback have played a crucial role in shaping our direction for the coming years, and we are grateful for your continued support.
Webinar round-up: An update on our Third-Party Intermediary Code of Practice
On March 12th, we provided an update on our plans to introduce an accreditation and audit framework to the Third-Party Intermediary (TPI) Code of Practice
Driving transparency and accessibility: Our work so far to improve access to retail energy market data
We initiated our Open Data project in early 2023 to align with Ofgem’s data best practices and improve access to our data sources. Creating a metadata catalogue and roles matrix To start our work, we gained a comprehensive understanding of all the data that falls under RECCo’s control. We created a metadata catalogue containing detailed […]
ERIN is now even better at answering your questions!
In October 2023, we launched the first Artificial Intelligence (AI) tool designed to assist REC Parties and other industry members. Using Generative AI, ERIN, which stands for Energy Resource Information Network, is engineered to respond rapidly to REC-related questions in seconds. We’ve now released a number of enhancements to the tool to make it even […]
Webinar recap: Introducing our 2024-25 Budget
On 28th February, we held a webinar with stakeholders to discuss our 2024-2025 Budget and provide a deep dive into one of our primary objectives for the coming year: delivering service excellence.