Energy Code (or REC) is the set of obligations governing market
participants operating in the retail energy market within Great Britain
The REC is split into a number of sections each covering different
elements of the obligations including the Main Body, the REC
Schedules, Service Specifications, Operational Documents and the
The REC Main Body sets out the key governance and boilerplate provisions.
You can access the REC Main Body with a Portal account on the Energy
Market Architecture Repository (EMAR).
The REC Main Body defines the categories of organisation that are
eligible to join the REC as a REC
Party, and the process for acceding to
the REC Accession with the Accession Agreement documented in Schedule
3 Accession Agreement. It also defines how organisations that
cannot become a REC Party can obtain access to REC Services by
entering into an Access Agreement.
Ceasing to be a Party to the REC is also defined including the
types of withdrawal. This process is covered further in the Schedule
19 Market Exit Schedule.
established and the key functions of the organisation are defined
including the REC Board Objectives, how the REC Board and REC Chair is
appointed, and the REC Board Procedures. The Main Body also
establishes the requirements for a Change
Panel, the REC
Performance Board and the process for creation of other Sub Committees as required.
The requirement for the REC Board to appoint a Code Manager role
is defined and key tasks and functions are expressed.
The role of the REC Performance Assurance Board and Events of
Default are outlined. These are covered further in the Performance
The requirements for the setting of an Annual Strategy and budget
by the REC Board are defined including the process for amendment of
budget, the publication of the annual budget and the recovery of
costs. The Main Body also defines when the REC Board should publish
the annual report and the key activities that need to be included.
Clause 10 of the Main Body requires the REC Board to develop the REC
Charging Methodology and obligates the REC Board to review this
and propose changes when required. The process of determining and
publishing the REC
Charging Statement is also covered.
A number of standard clauses are also covered in the Main Body of
the REC including Intellectual Property Rights, Limitation of
Liability, Confidentiality, Data Controller and Data Processor
Obligations, Force Majure, Disputes, Appeals, Derogations and Audit
The requirements for each REC Party to appoint a Contract
Manager and the role of the Contract Manager are covered within
Clause 24 of the Main Body. This Clause also defines the requirement
for Parties to appoint Operational
Contacts and the need to maintain and keep updated Party
Details as published on the REC Portal.