Market Stabilisation Charge Triggered
16/11/2022
Market Stabilisation Charge Triggered
On 14 November 2022, Ofgem published notice that the Market Stabilisation Charge (MSC) has been triggered, for Gas only.
The MSC was introduced to the REC via R0034 “Market Stabilisation Charge” and R0035 “Market Stabilisation Charge Administration”.
You can find out more about the MSC on Ofgem’s Market Stabilisation Charge dashboard.
With the trigger of the MSC, the Code Manager will be commencing the MSC calculations, and RECCo Ltd will then issue invoices to Supplier Parties accordingly. The Code Manager is writing to Supplier Contract Managers, asking for any updates to bank details and contacts if these have changed since first submitted.