REC

  • Regulation and policy

    REC – The story so far

    Version 2.0 of the Retail Energy Code (REC) went live on 1 September 2021. The latest version, which energy suppliers and providers of REC governed services must follow, builds on the initial transitional requirements of Version 1 by consolidating a number of existing market rules including the electricity and gas...

  • Regulation and policy

    What will the introduction of the Retail Energy Code mean for metering companies?

    Ofgem has proposed that certain metering companies will need to become full parties to the new dual fuel Retail Energy Code (REC). What will this mean in practice? Metering Equipment Managers (MEMs) is a term introduced for the REC, encompassing electricity Meter Operator Agents (commonly termed MOPs) and gas Meter...

  • Regulation and policy

    Faster Switching Programme gears up for re-commencing

    Due to be issued this week, the sixth edition of our Faster Switching Service Report details the Switching Programme’s re-planning exercise as well as industry participants’ progress on data cleansing. The Switching Programme is facilitating the industry’s move towards new arrangements from March 2022, which should see domestic customers able...

  • Regulation and policy

    Library of Switching Programme documents continues to expand

    Cornwall Insight recently published the latest update to our quarterly Faster Switching Service, which has been revised to accommodate Ofgem’s latest proposals for the content of the enduring version of the Retail Energy Code (REC), and plans hold a separate Retail Code Consolidation Significant Code Review. With these, the number...