Name

REC Code Manager

Legal name

Retail Energy Code Company Limited

Website

https://recportal.co.uk

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Energy Code Administration

NAICS

Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Business Support Services (5614)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Electric, Gas & Sanitary Services (4900), Services-Management Services (8741)

akta.pro primary industry

Industry-Specific ERP for Utilities & Energy (HDAEAEAN)

akta.pro secondary industry

REC/GO Compliance & Reporting (Disclosure, Claims, ESG/Scope 2) (EUAMAKAJ)

Keywords

• Retail energy code
• Energy code administration
• Regulatory code management
• Energy market switching
• Utility compliance services

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. REC Charges: The Code Manager generates revenue through REC Party charges as defined in REC Schedule 10 - The REC Charging Methodology. REC Parties (suppliers, DNOs, metering equipment managers) pay charges to access and participate in the REC framework.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

REC Code Manager is the Ofgem-designated administrator of the Retail Energy Code (REC) for the Great Britain retail energy market. It operates the REC Portal as the central digital platform delivering code documentation, party accession/withdrawal workflows, change management processes, and performance assurance monitoring. It also oversees API-based enquiry services (EES, GES), the Central Switching Service (CSS), and the Energy Market Architecture Repository (EMAR) used by electricity suppliers, gas suppliers, distribution network operators, and metering equipment managers.

Product overview

REC Code Manager operates the REC Portal as a unified digital platform providing comprehensive access to Retail Energy Code documentation, processes, and services. The core offering includes the REC Portal (main web platform), the Central Switching Service (CSS) for managing electricity and gas switching, the Energy Market Architecture Repository (EMAR) for digital code representation, and API-based enquiry services (EES and GES). Supporting services include Change Management, Performance Assurance, and a Service Desk. Additional specialized hubs cover Market-wide Half Hourly Settlement, Consumer Consent Solution, Tariff Interoperability, Metering, Energy Theft, and Payment Method Levelisation. The system is supported by API Technical Specifications enabling third-party integration with the REC infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• REC Portal The REC Portal is the main online platform acting as a comprehensive digital repository for all information relevant to the Retail Energy Code. It provides access to code documentation, digital workflows for processes including Accession, Withdrawal, Change Management, and Performance Assurance, committee information, knowledge base, training, news, events, and an online Service Desk. It is used by all REC Parties operating in the GB retail energy market.
• Electricity Enquiry Service (EES)

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• REC Portal Software ProvidercoreTechnology or Integration · 1 May 2024The REC Portal is built and maintained by a third-party software provider on a cloud platform. Portal maintenance activities are carried out by this provider to enhance security and reliability. The provider conducts periodic cloud platform maintenance, which may result in brief periods of REC Portal unavailability (e.g., maintenance windows planned for 28 July 2026 between 4pm-8pm BST).
• Ofgem (Office of Gas and Electricity Markets)coreOthersOfgem is the statutory regulator of the Gas and Electricity Markets in Great Britain with responsibility to ensure the energy market works for consumers. Ofgem requires market participants to accede to the REC and oversees the strategic direction of the code through RECCo. The Code Manager operates under Ofgem's regulatory framework and delivers code administration services on behalf of the industry.
• Data Communications Company (DCC)coreTechnology or IntegrationThe Data Communications Company (DCC) serves as the Central Switching Service (CSS) Provider, managing the systems and processes for Gas and Electricity switching and registration data across the GB energy market. The DCC publishes the annual Switching Address Quality Plan and is a mandatory REC Party. The Code Manager works closely with DCC on switching arrangements, address quality, and CSS development.
• Retail Energy Code Company (RECCo)coreStrategic or Co-development PartnerRECCo is the organisation established to ensure the proper, effective and efficient implementation and ongoing management of the REC. RECCo manages contractual relationships with REC Service Providers and oversees the strategic direction of the REC. The Code Manager delivers code processes on behalf of RECCo, including Change Management, Party Management, and Performance Assurance. The current version of the Stakeholder Engagement Strategy was published in May 2024 and the Code Manager Annual Report covers the period until 31 March 2025.
• Electricity Enquiry Service (EES) and Gas Enquiry Service (GES)coreTechnology or IntegrationEES (previously known as ECOES) and GES (replaced the Data Enquiry Service/DES) are enquiry services providing access to electricity and gas supply point data respectively. The Code Manager provides API Technical Specifications for EES (v4.0.3) and GES (Meter Asset Enquiry API v3.0, Supply Point Switching API v1.3). These services are accessible to REC Parties and authorized Non-Party Service Users.

Scale indicators2 records

Recent moves12 records

Expansion highlights5 records

Regional players

• ERCOT (Electric Reliability Council of Texas): ERCOT operates the Texas electricity market including code administration, settlement, and system coordination. It serves as a US regional peer with similar functions to the REC Code Manager in administering market rules and operating centralized platforms for energy market participants.
• ISO New England: ISO New England operates the wholesale electricity market and administers market rules across the New England region. It functions as an international peer in centralized market administration and code governance, with comparable committee structures and stakeholder engagement models.
• PJM Interconnection: PJM is a US Regional Transmission Organization that administers market rules, operates capacity markets, and coordinates electricity trading across multiple US states. It parallels the REC Code Manager's role in maintaining market rules and serving as central coordinator, though at a much larger scale and geographic scope.
• Australian Energy Market Operator (AEMO): AEMO operates the Australian National Electricity Market and gas markets, performing code administration, market operation, and settlement functions. While geographically separate, AEMO serves as an international analogue combining centralized market operation with regulatory code administration - the closest international functional equivalent to the REC Code Manager.

Direct peers

• Elexon: Elexon administers the Balancing and Settlement Code (BSC) for the GB electricity market, making it the most direct UK peer. Both organizations serve as Ofgem-designated code administrators operating centralized digital platforms for industry coordination, with similar committee-based governance and recurring party-charge revenue models.
• Xoserve: Xoserve operates the Gas Enquiry Service (GES) and manages central gas data services for the GB retail energy market. As an REC Service Provider and operator of a critical data infrastructure, Xoserve is a direct peer in code administration and industry data services within the same regulatory ecosystem.
• ElectraLink: ElectraLink provides data exchange services and operates utility data hubs in the UK energy market. It serves a similar function to the REC Code Manager by enabling standardized data flows and integration between energy market participants, with comparable technology infrastructure and customer base.
• Smart DCC (Data Communications Company): Smart DCC operates the Central Switching Service (CSS) and manages smart meter communications infrastructure for the GB energy market. As a mandatory REC Party and central switching infrastructure provider, it shares the Code Manager's central hub role in GB retail energy market operations.

Broad incumbents

• National Grid ESO: National Grid ESO operates as the GB electricity system operator with broad regulatory and code responsibilities. While serving a different part of the energy value chain (transmission system operation), it shares the Code Manager's position as a regulated central coordinator with industry-wide governance duties.

Others

• Energy Networks Association (ENA): ENA represents UK energy networks and develops industry standards and codes, including Open Networks Project outputs. As an industry association developing shared standards, ENA serves as an adjacent peer in industry code development and stakeholder coordination in the GB energy market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rec-code-manager

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REC Code Manager