We are the
RETAIL ENERGY CODE COMPANY
We’re at the start of something exciting.
Simplifying, raising standards and facilitating innovation in the retail energy market.
We are an independent, proactive, and forward-looking non-profit company set up to simplify, improve, and facilitate innovation in the Retail Energy Market. Through leading on change to the Retail Energy Code, we will promote positive outcomes for consumers whilst making the market work more efficiently and effectively for our stakeholders.
The REC represents a step-change for the industry with a mission to elevate customer outcomes through promoting innovation and competition. Our operating model provides an opportunity to create a new standard for code governance to transform the nature of decision-making in the energy sector. It will put consumer outcomes at the heart of the arrangements, provide an accessible set of rules in plain English and digital format, and introduce new robust technical and performance assurance frameworks for industry players.
Ofgem’s Switching Programme received a formal ‘Go’ decision at the porgramme Delivery Group. The official date for switching programme implementation remains 18th July 2022.
We are pleased to report that on 29th June the Project Steering Group was able to confirm RECCo’s readiness for go-live today 30th June.
RECCo has been working to develop the supporting governance arrangements, technical solutions and end-to-end business processes to administer the Market Stabilisation Charge, under the REC. We are pleased to announce that the Authority approved R0035 for implementation on 30th June 2022.