Board Matters

RECCo Board

Board Matters

The table below sets out the annual timetable of Board Matters reflecting obligations within the Retail Energy Code (and associated schedules), Articles of

Association, Companies Act and decisions taken by the Board. A revised schedule will be developed for the 2020/21 financial year in January 2020.

September 2019

Papers

Ofgem Reports:

  • Switching Programme Coordinator
  • Midata Report
  • REC development

Monthly Financial Report

Code Manager Procurement

  • PEP Constitution

Stakeholder Engagement

Actions

October 2019

Papers

Ofgem Reports:

  • Switching Programme Coordinator
  • Midata Report
  • REC development

Monthly Financial Report

Code Manager Procurement

Stakeholder Engagement

Risk & Opportunity Register

Financial Forecast 2

2020/21 Strategy Development

Actions

Invoice Parties for Oct – Dec budget cost contribution

November 2019

Papers

Ofgem Reports:

  • Switching Programme Coordinator
  • Midata Report
  • REC development

Monthly Financial Report

Code Manager Procurement

Stakeholder Engagement

Agree 2020/21 Strategy

Actions

December 2019

Papers

Ofgem Reports:

  • Switching Programme Coordinator
  • Midata Report
  • REC development

Monthly Financial Report

Code Manager Procurement

Stakeholder Engagement

Actions

January 2020

Papers

Ofgem Reports:

  • Switching Programme Coordinator
  • Midata Report
  • REC development

Monthly Financial Report

Code Manager Procurement

Stakeholder Engagement

Risk & Opportunity Register

Financial Forecast 3

Review Draft Budget

Agree 2020/21 Board Matters schedule

Actions

Invoice Parties for Jan – Mar budget cost contribution

February 2020

Papers

Ofgem Reports:

  • Switching Programme Coordinator
  • Midata Report
  • REC development

Monthly Financial Report

Code Manager Procurement

Stakeholder Engagement

Approve and Issue Draft Budget1

Actions

March 2020

Papers

Ofgem Reports:

  • Switching Programme Coordinator
  • Midata Report
  • REC development

Monthly Financial Report

Code Manager Procurement

Stakeholder Engagement

Actions

Invoice Parties for Jan – Mar budget cost contribution

1Between 60 and 40 days before each financial year the Board shall circulate to all Parties a draft budget for that Financial Year (REC)
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