Following engagement with our stakeholders, we’re pleased to share our draft Forward Work Plan for 2025-28 for consultation. Your invaluable input and feedback have played a crucial role in shaping our approach for the coming years, and we are grateful for your continued support as we plan for the next few years.
This document outlines our Perform, Protect, and Progress workstreams and the financial projections that will guide our activities over the next three years, with a particular focus on priorities in 2025-26.
The Forward Work Plan and our previously published 2025-2030 Strategy document are open for consultation until 5pm on 5th February. We encourage you to review these documents and share your thoughts with us. The REC Board will consider all comments before publishing its final budget in February 2025.
Access the Forward Work Plan
You can view or download the full document here or explore it using the embedded PDF viewer below.
Key Takeaways
Our draft Forward Work Plan for 2025-2028 focuses on service excellence, regulatory compliance, consumer protection, and fostering innovation within the retail energy sector. Key priority areas include:
- Continuous improvement and the evolution of REC Services
- Preparations for Market-Wide Half-Hourly Settlement (MHHS) implementation
- Energy Theft Reduction initiatives
- Consumer Consent (subject to Ofgem decision)
- Smart Secure Electricity System (SSES) – Tariff Interoperability (subject to DESNZ decision)
Share Your Feedback
We welcome your feedback on the Forward Work Plan and accompanying financial projections. Please use the following questions to help guide your response:
Forward Work Plan Questions
- Do you agree with the Priorities set out in the FWP?
- Do you have any comments or feedback on the workstreams outlined?
- Is there any additional information to help you better understand the proposed workstreams?
Budget Questions
- Do you have any general comments on the budget?
- Is the level of detail provided sufficient to give you a full understanding of the budget?
- Is there any further information you would like included in the final budget?
Feedback can be submitted via our online form or emailed to recco_strategy@retailenergycode.co.uk. The consultation is open until 5pm, on 5th February.
Separating Our Strategy from Our Forward Work Plan
For the first time, we have published our Strategy and Forward Work Plan as separate documents, each with a distinct purpose:
- The Strategy: This medium-term roadmap outlines RECCo’s strategic objectives and initiatives, helping us stay ahead in the evolving retail energy sector. It provides a long-term vision, guiding our direction and goals over the next five years.
- The Forward Work Plan: This dynamic, annually updated document includes RECCo’s work plan for the next three years and detailed financial projections. It seeks to ensure we remain agile in responding to emerging trends and market challenges.
Join Our Upcoming Webinar
Want to dive deeper into the Forward Work Plan? Join us for an interactive webinar on 29th January at 10am.
In this session, our leadership team will discuss:
- Our vision and key priorities for 2025-28
- Key focus areas including service excellence, regulatory compliance, consumer protection, and support for innovation in the retail energy sector
- The indicative budget for 2025-26.
Register today and participate in an interactive discussion with our team, where you can ask questions and share your thoughts.
Get in Touch
If you have any questions or want further information about the Strategy or Forward Work Plan, please email us at recco_strategy@retailenergycode.co.uk.
Thank you for your continued collaboration. We look forward to working closely with you to deliver our commitments for 2025 and beyond.
