RECCo appoints Raidiam and PayPoint to deliver the trust framework for the Consumer Consent Solution

⦿ Executive Snapshot

• What: RECCo has appointed Raidiam and PayPoint to develop the trust framework for the Consumer Consent Solution (CCS) in the GB retail energy market.
• Who: Key players involved include RECCo, Raidiam, and PayPoint.
• Why it matters: This initiative aims to establish a secure and consumer-focused data consent solution, which is critical for enabling Consumer-Led Flexibility in the energy sector.

⦿ Key Developments

• Raidiam will leverage its expertise in digital trust infrastructure and Open Data ecosystems to design the CCS trust framework.
• PayPoint will provide the operational service model and service management capabilities necessary for the effective functioning of the CCS.
• The CCS framework aims to reduce fragmentation and enhance consumer control over energy data access and usage.

⦿ Strategic Context

• The Consumer Consent Solution is essential for enabling flexible tariffs and new energy services, which require secure and interoperable access to consumer data.
• This initiative aligns with broader trends in the energy market towards consumer empowerment and data-driven service offerings.

⦿ Strategic Implications

• The immediate consequence of this appointment is the advancement of the CCS towards a fully operational model, enhancing consumer trust in data handling.
• Long-term, the successful implementation of this framework could lead to increased consumer participation in flexible energy services and improved market efficiency.

⦿ Risks & Constraints

• Potential risks include regulatory challenges and the need for collaboration among various stakeholders, including Ofgem and consumer bodies, to ensure the framework meets industry needs.
• There may be competition from other consent solutions or frameworks that could affect the adoption of the CCS.

⦿ Watchlist / Forward Signals

• Upcoming milestones include the development phases of the CCS trust framework and operational model, which will be closely monitored by RECCo and industry stakeholders.
• Indicators of success will include stakeholder engagement levels and the framework's adoption by market participants once operational.