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Issue 885 | RECCo Budget consultation

Issue 885 | RECCo Budget consultation

Steven Britton Steven Britton Senior Analyst

1 Assessment & recommendation Ofgem is seeking views on the budget of the Retail Energy Code Company (RECCo) for the 2019-20 financial year. It issued a consultation on 25 January, setting out its view of the budget as well as indicative funding requirements for 2020-21 and 2021-22. The RECCo will function as a corporate vehicle for the management of the new dual-fuel Retail Energy Code (REC), which will underpin the new arrangements to be brought in under the Faster Switching programme. As the REC Manager has not yet been appointed, the regulator is running this budget consultation on behalf of the RECCo ...

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