On 23 February 2024, the Authority issued its decision to the Code Manager, to approve R0147 - Prepayment Levelisation for implementation on 28 March 2024. The decision document can be found on the REC Portal here.  

This Change Proposal will be included in the 28 March 2024 Release Plan, to reflect the approval, and the completion of the update will be confirmed via the REC Change Bulletin.  

The Authority’s decision has been published at the same time as the decision on the related Licence Modifications. The Licence Modifications and new arrangements for Payment Method Levelisation (PML) Reconciliation under the REC, will come into effect on 01 April 2024.   

The REC Code Manager is hosting R0147 Prepayment Levelisation Pre-Release Webinar on 14 March 2024 (13:00-14:30) to provide an overview of the R0147 Prepayment Levelisation before its implementation. To view the full list of topics and register your interest, click here.  

PML Reconciliation Readiness Checklist:

• Contact and bank details confirmed  
• Access to reporting Sharepoint  
• Data extract on midday on 01 April 2024 – please note additional guidance has been added to the Change Proposal page on the REC Portal here. 
• Data submission by 15 April 2024  
• Sign up to the R0147 Prepayment Levelisation Pre-Release Webinar  

If you have any questions about this Change Proposal in advance of the webinar, please contact us at enquiries@recmanager.co.uk.