Under the REC, we are required to progress a Theft Reduction Strategy. So far, that strategy has two active workstreams which we oversee:
We are also expected to develop a replacement for the former Theft Risk Assessment Service (TRAS), subject to industry consultation informed by a robust business case and project plan.
Before we take further any commitments on the replacement of the TRAS, we believe it is in best interest of REC Parties to first establish a methodology for understanding the scale of the energy theft within the market.
In early July, we issued a Request for Proposal (RfP) to competitively procure a ‘Theft Estimation Methodology’. A wide range of interest was received to the RfP and a number of quality responses were submitted which were scrutinised independently by a RECCo evaluation panel.
The highest scoring bidders were invited to present their proposals and following these presentations, the consensus of the evaluation panel was to award Capgemini the contract due to the high level of confidence in the solution put forward.
Work to complete the ‘Theft Estimation Methodology’ will start soon, over an eight-week period, and the timetable will include a number of stakeholder events to ensure industry’s expertise is incorporated into the development of the methodology. We look forward to updating you over coming weeks on progress.
If you would like any more information on RECCo’s Theft Reduction Strategy, please contact info@retailenergycode.co.uk
