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.
The services we manage
We procure and manage services that are key to the operation of the retail energy market. These currently include the REC Code Manager, Electricity Enquiry Service, Gas Enquiry Service, Green Deal Central Charge Database, Central Switching Service, and the Energy-Theft Tip-Off Service.
RECCo Services News
About RECCo
Our mission
"We will facilitate the efficient and effective running of the retail energy market, including its systems and processes. We’ll do this through promoting innovation, competition and delivering positive consumer outcomes."
