Market Stabilisation Charge update
On 16th February 2022, Ofgem published a decision document to introduce two measures which they believe are in consumers’ interests. This includes a requirement for suppliers to pay a Market Stabilisation Charge (MSC) when acquiring new customers. The MSC is a charge which is to be levied on suppliers who gain customers through switching. RECCo’s role is to introduce a robust & efficient process for managing the market stabilisation charge when it is introduced by OFGEM. See all relevant details on our dedicated webpage.