Webinar Recap: Introducing Our Draft Forward Work Plan & Budget

January 31, 2025

Our recent webinar on 29th January, led by members of our Executive Team, provided a detailed look at RECCo’s draft Forward Work Plan and Budget for 2025-2028. Thank you to everyone who attended. In case you missed it, here’s a recap of the key insights shared during the session.

Key Highlights

During the webinar, the team introduced our strategic aims, which guide all our workstreams. These are:

Perform: Establish RECCo as a trusted, expert provider and enabler of code management and services.
Protect: Safeguard consumers’ interests and data by delivering secure, retail-focused digital services.
Progress: Drive solutions and innovations to support an effective retail market now and in the future.

Six Key Programmes for 2025-26

This year, we will focus on the following six key programmes:

REC Services & Evolution: Enhancing the efficiency and effectiveness of REC services.
Market-Wide Half-Hourly Settlement: Supporting the transition to more accurate energy settlement.
Introducing a Dedicated Energy Theft Unit: Strengthening efforts to combat energy theft.
Code Reform and Licence: Streamlining governance processes and regulatory compliance.
Consumer Consent: Improving transparency and consumer control over their data. (Subject to Ofgem decision)
Smart Secure Electricity Systems: Supporting the development of secure, smart energy solutions. (Subject to DESNZ decision)

Throughout the webinar, we asked for stakeholder feedback, and we are pleased to report that 96% of respondents agreed or strongly agreed with our planned priorities for delivering service excellence. Overall, the webinar was rated 4.6 out of 5.

Watch the Recording

If you missed the webinar, you can watch the recording below or download the presentation slides.

Next Steps

The draft Forward Work Plan and Budget is open for consultation until 5pm, 5th February 2025. We encourage stakeholders to share their feedback via this link. Our 2025-2030 Strategy is also open for consultation until this date, and you can provide feedback here.

Following the consultation, we will publish the final budget document in February 2025. To ensure all questions are addressed, we will host a supporting webinar. Register for the Budget webinar here.

If you would like to discuss any aspects of our strategy or Forward Work Plan further, please contact us at recco_strategy@retailenergycode.co.uk.

Thank you for your continued engagement and support.

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