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Retail Energy Code
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Home supply and services
Making the switch – how much will really change?
Last week on 1 July, Ofgem confirmed that the designated Go-Live date for the Centralised Switching Service (CSS) would be 00:01AM on 18 July 2022, as was previously anticipated. The most significant impact of this will be the requirement on suppliers to ensure switches are completed within five working days,...
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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...
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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...
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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...
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Regulation and policy
One in, one out: Code Consolidation SCR opens as TCR draws to a close
The number of Significant Code Reviews (SCRs) that Ofgem is progressing shows little sign of diminishing with the launch of the new Retail Code Consolidation SCR on 29 November. This came barely a week after Ofgem’s decision on its Targeted Charging Review (TCR) and, since this has not yet formally closed, it...
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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...
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Commercial and market outlook
Five things we learnt from Energy Spectrum | 673
In the week that National Grid is set to launch its 2019 Future Energy Scenarios (FES), this week’s Energy Perspective looks more closely at how new approaches could make it more attractive for small generators to connect to the transmission system. While we await with interest to see how FES treats these issues, the...
