RECCo’s Draft Forward Work Plan for 2026–29 sets out a transformation agenda designed to modernise retail energy market services, strengthen governance, prepare for the Code Manager Licence, and support emerging flexibility markets. The plan balances continuity of today’s core services with investment in future‑ready digital and regulatory capabilities.
RECCo, established in 2019 as a not‑for‑profit body overseeing the Retail Energy Code (REC), is at a pivotal transition point. Government policy on clean power, consumer‑led flexibility, and Ofgem’s Strategic Direction Statement (SDS) are accelerating expectations on market governance. With original contracts nearing end‑of‑life and a Code Manager Licence imminent, RECCo is repositioning itself for a more accountable, digitally enabled future.
Four Strategic Priorities (2026–27 Focus)
1. Transition to Licensed Code Manager
RECCo will become the Licensed Code Manager, increasing its accountability and decision‑making responsibility.
Key elements:
2. Strengthening Digital & Operational Capability
A major modernisation programme will overhaul REC’s digital estate and services.
Planned for 2026:
3. Delivering Core Programmes Reliably
RECCo will continue stabilising and delivering existing market services including:
Inquiry Services timeline:
4. Supporting Consumer‑Led Flexibility
RECCo will play a system‑shaping role in emerging flexibility markets.
Planned actions:
Key Programmes & Delivery Highlights
Digital & Systems Evolution
Performance Assurance Framework Redesign
Consumer Consent Service
Tariff Interoperability
Financial Outlook (2026 Budget)
Headline budget: £66.6m
(14% increase vs expectation)
Drivers:
Efficiency notes:
Consultation & Next Steps
Overall Positioning
RECCo is positioning itself for a more proactive, accountable, and digitally capable role at the centre of the UK retail energy market. Its 2026–29 plan is designed to:
- Stabilise and modernise today’s services.
- Build strong foundations for data‑driven, consumer‑led flexibility.
- Ensure compliance with a strengthened regulatory environment.