On 10th January 2022, we published our draft strategy, forward work plan for 2022-2025, and associated 3-year financial projections for consultation.
RECCo invited comments on the draft strategy which came to a close on 31st January 2022.
We received nine responses from a variety of organisations and we were pleased to see respondents are supportive of the general approach and intention behind our work and strategy.
We would like to thank our stakeholders for their valuable feedback. Respondents raised a number of points, including questions around the increased costs in the budget since last year’s forecast, asking for greater clarity around deliverables against certain workstreams within the horizon scanning section and a desire for greater engagement with the change process.
We are grateful for this feedback and have since provided responses on our website which are available here.
Following the Board’s consideration of all comments received, on 4th February 2022, we published our Financial Budget for 2022-2023. You can find the full document here.
Parties have the right to appeal the decision of the REC Board to approve the budget to the Authority (Ofgem) by 18th February 2022.
If you have any questions on the Budget document, please contact Brian O’Shea at brian@retailenergycode.co.uk.