ABOUT US

The Retail Energy Code Company

The Retail Energy Code Company (RECCo) is the corporate vehicle for ensuring the proper, effective, and efficient implementation and ongoing management of the Retail Energy Code (REC).

Our objective is to oversee the development of the Retail Energy Code, enabling it to achieve its mission;

“The Retail Energy Code will facilitate the efficient and effective running of the retail energy market, including its systems and processes. It will promote innovation, competition and positive customer outcomes”.

The RECCo Board is accountable to REC parties for the operation of the REC. It is expected the Board will be obligated through the Retail Energy Code to provide an annual report to Ofgem, setting out how it has delivered its objectives for the past year, and establishing its plan for the year ahead.  Accountability to REC parties will also be achieved through approval of the RECCo budget and any associated business plan, enabling RECCo to carry out its work programme for the year, and subsequent assessment of whether that budget and plan have been met.

For the latest budget information contact finance@retailenergycode.co.uk

The Interim RECCo Board

An interim RECCo Board was appointed by Ofgem in February 2019 and is now overseeing the build-up of the company’s capacity and providing immediate support to the Switching Programme. It is intended that the interim board will remain in place until the implementation of v2.0 of the Retail Energy Code in early 2021.

The interim directors have been drawn from the existing SPAA Ltd and MRASCo Ltd Boards, recognising the overlaps in required expertise and competencies, and the fact those individuals have already been through an industry selection process.

The Board is supported by an Ofgem appointed independent Chair and Company Secretary. It has procured further support services including a secretariat, website developer, legal counsel and programme manager as well as specialist expert resource to support the switching programme.

RECCo Interim Board

Chris Anastasi, Chair

Rachael Anderson , Director

Steve Mulinganie, Director

Tracey Pitcher, Director

Richard Pomroy, Director

Kevin Woollard, Director

Brian O’Shea, Company Secretary

Elizabeth Lawlor, Programme Manager

 

The RECCo Finance and Audit Committee

The RECCo Finance and Audit Committee (FAC) is a sub-committee of the RECCo Board. The FAC receives delegated authority from the Board and its primary purpose is to provide assistance to the Board in fulfilling its legal and fiduciary obligations with respect to matters involving the accounting, auditing, financial reporting and internal control functions of the company. The FAC Terms of Reference are available here.

FAC Members

Kevin Woollard, Director

Steve Mulinganie, Director

Tracey Pitcher, Director

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