C3-00097 – Retail Risk Register

A Category 3 Change Proposal has been raised C3-00097 – Retail Risk Register, following a review of the REC Retail Risk Register by the Code Manager and PAB.

The proposed changes cover:

  • A review of the layout of the risk register to improve readability.
  • Improved mapping of risks from a macro level view through to individual REC Processes and Services.
  • Mapping of Retail Risks with improvement initiatives that form a part of the REC Performance Assurance Operating Plan as well as wider change initiatives governed under the REC.

The Code Manager has issued a Consultation offering REC Parties an opportunity to feedback on the updates made to the Retail Risk Register.

A Category 3 Change Proposal has been raised C3-00097 – Retail Risk Register, following a review of the REC Retail Risk Register by the Code Manager and PAB.

The proposed changes cover:

  • A review of the layout of the risk register to improve readability.
  • Improved mapping of risks from a macro level view through to individual REC Processes and Services.
  • Mapping of Retail Risks with improvement initiatives that form a part of the REC Performance Assurance Operating Plan as well as wider change initiatives governed under the REC.

The Code Manager has issued a Consultation offering REC Parties an opportunity to feedback on the updates made to the Retail Risk Register.

Upcoming REC Meetings and Events

Keep up to date with REC meetings and events with these dates for your diary:

  • 01 October 2024 – REC Change Panel
  • 03 October 2024 – REC Change Issues Group
  • 09 October 2024 – Metering Expert Panel
  • 11 October 2024 – REC Issues Group
  • 29 October 2024 – Performance Assurance Board
  • 30 October 2024 – Technical Expert Panel
  • 30 October 2024 – Theft Issues Group
  • 31 October 2024 – November 2024 REC Release Drop-in Session (13:00 – 13:45)
  • 06 November 2024 – REC Engagement Day

Rejection of R0072 – Introduction of a new Meter Asset Code

Following further analysis and engagement with the proposer, the Code Manager has revisited its consideration of Change Proposal R0072 – Introduction of a new Meter Asset Condition Code

Despite earlier acceptance of the Change Proposal, the Code Manager believes that the proposal is not relevant to the REC and cannot progress any further.

Consequently, Change Proposal R0072 has been rejected and raised to Ofgem to consider further