Hello, and welcome to the latest edition of Inside RECCo. We kicked off the first month of our new financial year by conducting the re-appointment of our customer and digital-focused Non-Executive Directors, Helen Charlton and Roshan Awatar. The re-appointments followed a recommendation from the REC Board and a vote by REC Parties. I’m pleased to see both Helen and Roshan re-appointed, knowing the expertise and continuity they bring as we continue to deliver and evolve our mission at RECCo. You can read more about this here.
If you follow us on our LinkedIn page, you will see that our core team has grown from 15 to 28 employees in the past year. You will also know that we plan to increase the capacity and capability of the team by a further eight this year as we approach our enduring size to fulfil our current obligations. We are proud of the competitive salaries and flexible benefits we offer as a dynamic organisation to attract, retain and motivate our people. As April 6th was ‘Employee Benefits Day,’ and with an eye to our recruitment needs, we thought it was a great opportunity to showcase the range of employee benefits we offer at RECCo. Go to page 4 to read about how we promote flexibility, well-being and happiness and see our current vacancies here.
RECCo’s core function is the delivery of the REC Services, alongside which we progress the programmes, projects and policy initiatives set out in our Strategy and Forward Work Plan to improve the retail energy market for industry and ultimately for consumers. We are pleased that workshops held in March 2023 with suppliers and intermediaries produced a broad consensus for RECCo to introduce a mandatory Code of Practice for Third-Party Intermediaries. At the request of those involved, we aim to deliver this by October 2023. You can read further details here. In other programme news, the new metering audit scheme has been introduced. The team have written a summary of the information available to guide involved REC Parties, which you can find on page 5. Finally, in response to the cost-of-living crisis, our Regulation and Policy Manager, Dr Andy Mower, has written a paper proposing how RECCo could help to target and support a programme to better support medical equipment users with their electricity costs. Read a summary of the paper here.
You can find the latest industry news and dates for your diary from page 6 onwards. Importantly, RECCo will be holding a series of events across the UK this summer, providing an opportunity for our stakeholders to shape the future of REC Services. Full details will follow shortly, but we’ve placed the dates on page 7 for you and welcome initial expressions of interest to join us for these in-person events.
Thank you again for reading, and as always, please send any feedback or questions to communications@retailenergycode.co.uk