{"id":25890,"date":"2025-02-19T10:09:25","date_gmt":"2025-02-19T10:09:25","guid":{"rendered":"https:\/\/www.retailenergycode.co.uk\/?p=25890"},"modified":"2025-04-21T15:42:09","modified_gmt":"2025-04-21T14:42:09","slug":"introducing-our-2025-26-budget","status":"publish","type":"post","link":"https:\/\/vwd.website\/fs\/introducing-our-2025-26-budget\/","title":{"rendered":"Introducing Our 2025-26 Budget"},"content":{"rendered":"<p>The development of the Budget followed the closure of the consultation window for RECCo\u2019s draft Forward Work Plan and budget for 2025-2028. It has been shaped by the feedback received from REC Parties and carefully considered by the RECCo Board.<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/vwd.website\/fs\/wp-content\/uploads\/2025\/02\/RECCo-Budget-2025-26.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Read Budget (PDF)<\/strong><\/a><\/span><\/p>\n<p>You can also view or download the full document using our embedded PDF viewer below.<\/p>\n\n\t\t<div class=\"wppdfemb-frame-container-1\" style=\"-webkit-overflow-scrolling:auto;\">\n\t\t\t<iframe class=\"pdfembed-iframe nonfullscreen wppdf-emb-iframe-1\"\n\t\t\t\tsrc=\"https:\/\/vwd.website\/fs\/?pdfemb-data=eyJ1cmwiOiJodHRwczpcL1wvdndkLndlYnNpdGVcL2ZzXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDI1XC8wMlwvUkVDQ28tQnVkZ2V0LTIwMjUtMjYucGRmIiwidGl0bGUiOiJSRUNDbyBCdWRnZXQgMjAyNS0yNiIsImluZGV4IjoxLCJwZGZJRCI6MH0\"\n\t\t\t\tdata-pdf-id=\"0\"\n\t\t\t\tdata-pdf-index=\"1\"\n\t\t\t\tstyle=\"border:none;width:100%;max-width:100%;height:600px;\"\n\t\t\t\tscrolling=\"yes\">\n\t\t\t<\/iframe>\n\t\t<\/div>\n\n\t\t\n<h2>Key Budget Takeaways<\/h2>\n<p>Our 2025-26 Budget reflects a 4.7% increase compared to the previous year, with approximately \u00a39m in contingent costs dependent on project developments.<\/p>\n<p>Based on your feedback from last year, we\u2019ve made several improvements to our Budget:<\/p>\n<ul>\n<li>Greater transparency: Publishing <span style=\"text-decoration: underline;\"><a href=\"https:\/\/vwd.website\/fs\/about-us\/corporate-and-financials\/\" target=\"_blank\" rel=\"noopener\"><strong>Business Cases<\/strong><\/a><\/span> to support our work programmes<\/li>\n<li>Clearer comparisons: Providing year-on-year budget breakdowns<\/li>\n<li>Enhanced disclosure: Including more details on headcount<\/li>\n<li>Refined allocations: Adjusting Change Investment and Contingency allowances<\/li>\n<li>Cost efficiency: Implementing in-year cost reductions<\/li>\n<\/ul>\n<h2>Join Budget Webinar<\/h2>\n<p>Join us for an interactive webinar on Wednesday, 26 February 2025 (11:00-12:30 GMT). We\u2019ll break down the key elements of our 2025-26 Budget, provide insights into our financial planning, and answer your questions live. This is your opportunity to gain a clear understanding of our finances and how they impact our priorities for the year ahead.<\/p>\n<p><a href=\"https:\/\/events.teams.microsoft.com\/event\/bb60ced5-6ae4-407e-ae28-4bfa84d20f6b@f59e1ee2-6e37-44df-b088-2e81f9d1b201\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"text-decoration: underline;\">Register Now<\/span><\/strong><\/a><\/p>\n<h2>Share Your Feedback<\/h2>\n<p>We value your thoughts on our annual Budget. If you have any questions or need more information, please contact our Chief Financial &amp; Commercial Officer, Brian O\u2019Shea: <span style=\"text-decoration: underline;\"><strong><a href=\"mailto:brian@retailenergycode.co.uk\">brian@retailenergycode.co.uk<\/a><\/strong><\/span><\/p>\n<p>In accordance with Section 9 of the REC, the Budget is subject to a 10-working day budget appeal window, which closes at 17.00 on 5 March 2025.<\/p>\n<p>Thank you for your continued support. We look forward to collaborating closely to deliver on our commitments for 2025 and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re pleased to share RECCo\u2019s Budget for 2025-26, which outlines our financial projections for the year ahead.<\/p>\n","protected":false},"author":8,"featured_media":25891,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[9,15,10,11],"tags":[73],"class_list":["post-25890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-news","category-corporate-and-financials","category-programmes","category-services","tag-budget"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Introducing Our 2025-26 Budget - Retail Energy Code Company<\/title>\n<meta name=\"description\" content=\"We\u2019re pleased to share RECCo\u2019s Budget for 2025-26, which outlines our financial projections for the year ahead.\" \/>\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=\"Introducing Our 2025-26 Budget - 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