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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.
Retail Energy Code Company
Registered in England
Reg. No. 10989875
VAT No. 322 195 033