Ofgem has today, 12 October 2023, announced that they have determined that the Market Stabilisation Charge (MSC) is no longer required and will allow it to expire on 31 March 2024. Until that time, RECCo will continue to calculate and administer payments to and from Suppliers for all periods for which the MSC is triggered.

RECCo is currently developing enhancements to its MSC processes including the provision of MPXN-level invoice backing data and wishes to reassure Suppliers that it remains committed to delivering this enhancement in the coming weeks. Not only will Suppliers automatically receive the backing data alongside the issuance of future invoices or credit notes, but they will also be able to request the same data for historic invoice periods.

We will continue to update you as appropriate as we move towards scheme closure.