RECCo is ready for the Market Stabilisation Charge go-live

Project Steering Group confirms RECCo’s readiness for Market Stabilisation Charge go-live

The obligation for RECCo to operate Ofgem’s Market Stabilisation Charge (MSC) was implemented into the REC on 14 April 2022.

Since then activities have focused on developing the governance and business processes to support the administration of the MSC with a target operational date of 30th June 2022. Today, REC Change Proposal R0035 was implemented into the REC which sets out how the scheme will be operated. This follows RECCo’s Project Steering Group confirming readiness for operational go-live at a meeting yesterday.

This is a huge achievement for the team, delivering the project in a 4-month period and working closely with the REC Code Manager, REC Parties and Ofgem under extremely tight timeframes. RECCo, with the assistance of its service providers and the REC Code Manager, is responsible for collecting data, calculating and collecting the monies due, and making the payments.

Latest Posts

Careers Iimage New 01
Ofgem is consulting on the future of switching
Consultations Image New
Do you have experience with the Switching arrangements? We want to hear from you!
FeatImg11Asset 12
RECCo Budget Appeal Outcome: Authority Decision to dismiss the DCC's Appeal
About Us Image New
Enhancing Transparency: Our plans to improve RECCo’s Budget process
New year, (1200 × 1200px) (21)
Work continues to finalise our Third Party Intermediary Code of Practice
Whoi We Are IMage New
Board Highlights April 2024
New year, (1200 × 1200px) (21)
Reflecting on the conclusion of the Market Stabilisation Charge
daniel-thomas-6_NXEMZbUq0-unsplash
Improving REC Services: Key Insights from our Annual Survey

Share this post

Scroll to Top