{"id":19415,"date":"2023-11-24T15:07:38","date_gmt":"2023-11-24T15:07:38","guid":{"rendered":"https:\/\/www.retailenergycode.co.uk\/?p=19415"},"modified":"2024-03-06T18:10:56","modified_gmt":"2024-03-06T18:10:56","slug":"work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens","status":"publish","type":"post","link":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/","title":{"rendered":"Work continues to end the prepayment premium as the statutory consultation opens"},"content":{"rendered":"<p>Energy consumers in the UK who use prepayment meters have historically been charged more for their energy than those who pay via direct debit. Following selection by Ofgem, we are developing systems and processes to levelise energy bills between prepayment meter and direct debit customers. Following a policy consultation in August, Ofgem have now opened their statutory consultation on changes to prepayment meter standing charges and other debt costs. Find out more below.<\/p>\n<h2>Ofgem have opened their statutory consultation<\/h2>\n<p>Ofgem opened their <a href=\"https:\/\/www.ofgem.gov.uk\/publications\/changes-prepayment-meter-standing-charges-and-other-debt-costs\">statutory consultation<\/a> on the 23rd of November, which sets out their latest proposals for levelisation. The consultation is open until the 2nd of January 2024. They are proposing to proceed with:<\/p>\n<ul>\n<li>A first phase of levelisation of Prepayment Meter (PPM) and Direct Debit (DD) standing charges from April 2024.<\/li>\n<li>Followed by a second phase of levelisation of debt-related costs between Standard Credit (SC) and DD customers. This stage will be implemented no earlier than October 2024.<\/li>\n<li>Supporting both stages of levelisation with a reconciliation mechanism.<\/li>\n<\/ul>\n<p>We can confirm that we&#8217;re on track to deliver the proposed reconciliation mechanism from April 2024 and have raised the accompanying REC Change Proposal. You can read the proposal in full <a href=\"https:\/\/www.ofgem.gov.uk\/sites\/default\/files\/2023-11\/Changing%20standing%20charges%20for%20prepayment%20meters%20and%20debt-related%20costs%20across%20payment%20methods1700666797619.pdf\">here<\/a>.<\/p>\n<h2>Join our webinar<\/h2>\n<p>Following our <a href=\"https:\/\/vwd.website\/fs\/webinar-round-up-how-will-recco-implement-the-pre-payment-meter-levelisation-process\/\">initial webinar<\/a> in October, we&#8217;re hosting a progress webinar on the 30<sup>th<\/sup> of November to confirm when the new levelisation system will be implemented, how the scheme will operate, the changes being made to REC legal text, the latest data reporting requirements, and to answer key questions from our stakeholders. Jonathan Windeatt, Industry, Operations and Commercial Expert (Retail Energy Policy) from Ofgem, will join us with subject matter experts and key project delivery personnel from RECCo.<\/p>\n<p>You can still register <a href=\"https:\/\/events.teams.microsoft.com\/event\/70134945-7c33-4b51-9f55-4e9fcd236d7e@f59e1ee2-6e37-44df-b088-2e81f9d1b201\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy consumers in the UK who use prepayment meters have historically been charged more for their energy than those who pay via direct debit. Following selection by Ofgem, we are developing systems and processes to levelise energy bills between prepayment meter and direct debit customers. Following a policy consultation in August, Ofgem have now opened [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":13314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[9,10],"tags":[67],"class_list":["post-19415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-news","category-programmes","tag-headline"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Work continues to end the prepayment premium as the statutory consultation opens - Retail Energy Code Company<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Work continues to end the prepayment premium as the statutory consultation opens - Retail Energy Code Company\" \/>\n<meta property=\"og:description\" content=\"Energy consumers in the UK who use prepayment meters have historically been charged more for their energy than those who pay via direct debit. Following selection by Ofgem, we are developing systems and processes to levelise energy bills between prepayment meter and direct debit customers. Following a policy consultation in August, Ofgem have now opened [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/\" \/>\n<meta property=\"og:site_name\" content=\"Retail Energy Code Company\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-24T15:07:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T18:10:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jenny Stephenson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jenny Stephenson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/\"},\"author\":{\"name\":\"Jenny Stephenson\",\"@id\":\"https:\/\/vwd.website\/fs\/#\/schema\/person\/65982d00e60d99832d9f55899c5bf557\"},\"headline\":\"Work continues to end the prepayment premium as the statutory consultation opens\",\"datePublished\":\"2023-11-24T15:07:38+00:00\",\"dateModified\":\"2024-03-06T18:10:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/\"},\"wordCount\":295,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/vwd.website\/fs\/#organization\"},\"image\":{\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png\",\"keywords\":[\"headline\"],\"articleSection\":[\"Company News\",\"Programmes\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/\",\"url\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/\",\"name\":\"Work continues to end the prepayment premium as the statutory consultation opens - Retail Energy Code Company\",\"isPartOf\":{\"@id\":\"https:\/\/vwd.website\/fs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png\",\"datePublished\":\"2023-11-24T15:07:38+00:00\",\"dateModified\":\"2024-03-06T18:10:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#primaryimage\",\"url\":\"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png\",\"contentUrl\":\"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png\",\"width\":801,\"height\":601},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/vwd.website\/fs\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Company News\",\"item\":\"https:\/\/vwd.website\/fs\/category\/company-news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Work continues to end the prepayment premium as the statutory consultation opens\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vwd.website\/fs\/#website\",\"url\":\"https:\/\/vwd.website\/fs\/\",\"name\":\"Retail Energy Code Company\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/vwd.website\/fs\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vwd.website\/fs\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/vwd.website\/fs\/#organization\",\"name\":\"Retail Energy Code Company\",\"url\":\"https:\/\/vwd.website\/fs\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/vwd.website\/fs\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/11\/cropped-RECCo-Logo-Wordmark-PB.png\",\"contentUrl\":\"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/11\/cropped-RECCo-Logo-Wordmark-PB.png\",\"width\":1000,\"height\":193,\"caption\":\"Retail Energy Code Company\"},\"image\":{\"@id\":\"https:\/\/vwd.website\/fs\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/vwd.website\/fs\/#\/schema\/person\/65982d00e60d99832d9f55899c5bf557\",\"name\":\"Jenny Stephenson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/vwd.website\/fs\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/78a2e02dceac18624b5a1a2a6c91a1b5079da96e48ae2431fb90e7ee4cf82d20?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/78a2e02dceac18624b5a1a2a6c91a1b5079da96e48ae2431fb90e7ee4cf82d20?s=96&d=mm&r=g\",\"caption\":\"Jenny Stephenson\"},\"sameAs\":[\"https:\/\/vwd.website\/fs\"],\"url\":\"https:\/\/vwd.website\/fs\/author\/jenny-stephenson\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Work continues to end the prepayment premium as the statutory consultation opens - Retail Energy Code Company","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Work continues to end the prepayment premium as the statutory consultation opens - Retail Energy Code Company","og_description":"Energy consumers in the UK who use prepayment meters have historically been charged more for their energy than those who pay via direct debit. Following selection by Ofgem, we are developing systems and processes to levelise energy bills between prepayment meter and direct debit customers. Following a policy consultation in August, Ofgem have now opened [&hellip;]","og_url":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/","og_site_name":"Retail Energy Code Company","article_published_time":"2023-11-24T15:07:38+00:00","article_modified_time":"2024-03-06T18:10:56+00:00","og_image":[{"width":801,"height":601,"url":"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png","type":"image\/png"}],"author":"Jenny Stephenson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jenny Stephenson","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#article","isPartOf":{"@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/"},"author":{"name":"Jenny Stephenson","@id":"https:\/\/vwd.website\/fs\/#\/schema\/person\/65982d00e60d99832d9f55899c5bf557"},"headline":"Work continues to end the prepayment premium as the statutory consultation opens","datePublished":"2023-11-24T15:07:38+00:00","dateModified":"2024-03-06T18:10:56+00:00","mainEntityOfPage":{"@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/"},"wordCount":295,"commentCount":0,"publisher":{"@id":"https:\/\/vwd.website\/fs\/#organization"},"image":{"@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#primaryimage"},"thumbnailUrl":"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png","keywords":["headline"],"articleSection":["Company News","Programmes"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/","url":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/","name":"Work continues to end the prepayment premium as the statutory consultation opens - Retail Energy Code Company","isPartOf":{"@id":"https:\/\/vwd.website\/fs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#primaryimage"},"image":{"@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#primaryimage"},"thumbnailUrl":"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png","datePublished":"2023-11-24T15:07:38+00:00","dateModified":"2024-03-06T18:10:56+00:00","breadcrumb":{"@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#primaryimage","url":"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png","contentUrl":"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/12\/FeatImg04Asset-5.png","width":801,"height":601},{"@type":"BreadcrumbList","@id":"https:\/\/vwd.website\/fs\/work-continues-to-end-the-prepayment-premium-as-the-statutory-consultation-opens\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/vwd.website\/fs\/"},{"@type":"ListItem","position":2,"name":"Company News","item":"https:\/\/vwd.website\/fs\/category\/company-news\/"},{"@type":"ListItem","position":3,"name":"Work continues to end the prepayment premium as the statutory consultation opens"}]},{"@type":"WebSite","@id":"https:\/\/vwd.website\/fs\/#website","url":"https:\/\/vwd.website\/fs\/","name":"Retail Energy Code Company","description":"","publisher":{"@id":"https:\/\/vwd.website\/fs\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vwd.website\/fs\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/vwd.website\/fs\/#organization","name":"Retail Energy Code Company","url":"https:\/\/vwd.website\/fs\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/vwd.website\/fs\/#\/schema\/logo\/image\/","url":"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/11\/cropped-RECCo-Logo-Wordmark-PB.png","contentUrl":"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2022\/11\/cropped-RECCo-Logo-Wordmark-PB.png","width":1000,"height":193,"caption":"Retail Energy Code Company"},"image":{"@id":"https:\/\/vwd.website\/fs\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/vwd.website\/fs\/#\/schema\/person\/65982d00e60d99832d9f55899c5bf557","name":"Jenny Stephenson","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/vwd.website\/fs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/78a2e02dceac18624b5a1a2a6c91a1b5079da96e48ae2431fb90e7ee4cf82d20?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/78a2e02dceac18624b5a1a2a6c91a1b5079da96e48ae2431fb90e7ee4cf82d20?s=96&d=mm&r=g","caption":"Jenny Stephenson"},"sameAs":["https:\/\/vwd.website\/fs"],"url":"https:\/\/vwd.website\/fs\/author\/jenny-stephenson\/"}]}},"_links":{"self":[{"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/posts\/19415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/comments?post=19415"}],"version-history":[{"count":5,"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/posts\/19415\/revisions"}],"predecessor-version":[{"id":21586,"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/posts\/19415\/revisions\/21586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/media\/13314"}],"wp:attachment":[{"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/media?parent=19415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/categories?post=19415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwd.website\/fs\/wp-json\/wp\/v2\/tags?post=19415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}