Go-live timeline and key milestones.
Version 1.0 of the Retail Energy Code went live in February 2019.
Version 2.0 will be go-live in 2021 to coincide with the new faster switching arrangements being delivered by the Ofgem-led Switching Programme.
Version 2.0 will consolidate the Supply Point Administration Agreement (SPAA) and Master Registration Agreement (MRA) into a single code. Until that time SPAA and MRA will continue operations, with the Retail Energy Code Company working over the next two years to support a seamless transition.
Parties to the code will be kept informed at all times of their duties and responsibilities, and how and when these will change.
REC Development and key milestones
Version 1.0 of the Retail Energy Code went live in February 2019 and was revised with version 1.1 taking effect 15 January 2021.
Version 1.1 of the REC updated the Main Body, Schedule 1: Interpretation, and Schedule 2: Transition. The change to Schedule 2 reflected a Change Request that had previously been agreed under Switching Programme governance regarding entry of Large Suppliers into User Entry Process Testing. Version 1.1 also introduced Schedules 5: Change Management, 6: Performance Assurance and 7: Energy Theft Reduction.
Version 2.0 of the REC will give effect to Retail Code Consolidation, currently being progressed by Ofgem as a Significant Code Review. Retail Code Consolidation will replace the Supply Point Administration Agreement (SPAA), the Master Registration Agreement (MRA) and the Smart Meter Installation Code of Practice (SMICoP), incorporating them into the dual-fuel REC. Subject to the outcome of Ofgem consultation, we expect Retail Code Consolidation and version 2.0 of the REC to take effect 1 September 2021.
A further version 3.0 of the REC has been developed to provide future governance of the faster, more reliable, switching arrangements currently under development under the Ofgem-led Switching Programme. This includes governance of the Central Switching Service. The effective date of version 3.0 is contingent upon the development and implementation of that Central Switching Service, currently schedule for Q3 of 2022.
Draft versions of future REC Schedules will continue to be accessible via the Ofgem website as part of its consultation process. Parties to the code will be kept informed at all times of their duties and responsibilities, and how and when these will change.
Versions 1.0 and 1.1 represent a transitional form of the REC, providing a foundation for the establishment of RECCo and REC institutions, as well as support for the Switching Programme. Although REC drafting has to date been published in a traditional manner, we anticipate that version 2.0 will be given effect in a fully digital format. Further details are available in our Draft Strategy and Headline Budget document and in due course through the publication of our detailed Digitalisation Strategy.
The Retail Energy Code
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