Regulatory Assurance Services for Energy Companies

Empowering Energy Companies with Compliance and Risk Management .

Compliance and Risk Management

At Engage Consulting, we specialise in providing comprehensive regulatory assurance services tailored to the unique needs of energy companies. Our expert consultancy and auditing support allows our clients to understand their positions across the industry codes and licence conditions they must comply with, and to mitigate any risks of failure identified.  

Regulatory Assurance

Consultancy Services

Navigating the complex landscape of industry regulations can be challenging. Our consultancy services are designed to help energy companies understand their obligations under the relevant industry codes and licence conditions. We provide: 

  • Code and Licence Requirements Matrix: Clarification of regulatory obligations including Supplier Licence Conditions, Smart Energy Code (SEC), Retail Energy Code (REC) and the Balancing and Settlement Code (BSC).
  • Expert Guidance: Advice on regulatory requirements and industry expectations.
  • Strategic Planning: Customised strategies to ensure compliance.
  • Ongoing Support: Continuous assistance to adapt to regulatory changes. 

Regulatory Auditing

Understanding current compliance status is crucial for maintaining regulatory standards. Our auditing services offer: 

  • Comprehensive Audits: Thorough assessments of compliance with industry codes and licence conditions.
  • Risk Identification: Identification of potential regulatory risks.
  • Clear Reporting: Detailed reports highlighting compliance and risk positions.
  • Actionable Insights: Recommendations to address any identified risks and improve compliance.
  • Risk Management Support: Development and implementation of strategies to mitigate identified risks. 
Regulatory Assurance

Why Choose Us?

We bring together technical expertise, industry knowledge and a commitment to service excellence. Our independent perspective helps you not just meet compliance requirements but also enhance your operational efficiency. 

Our approach combines rigorous methodology with practical industry understanding. Every regulatory audit is conducted by qualified ISO 9001:2015 Quality Management Systems Lead Auditors that are experts in both audit delivery and the energy market arrangements. 

We have a history of successfully helping energy companies achieve compliance and manage risks, previously delivering comprehensive audits for energy companies to clarify their positions across all Supply Licence Conditions and Industry Code requirements. 

Ready to Discuss Your Audit Requirements? 

Contact us today to learn more about our regulatory assurance services. 

Contact Us
Engage Consulting combine their deep understanding of settlements processes with a consistent and open approach to stakeholder engagement which has allowed them to overcome the early challenges associated with a change in methodology.
XOSERVE
Chris DwyerHEAD OF CONTRACTS AND PROCUREMENT, XOSERVE
I’ve had the pleasure of working with Engage’s consultants for over six years on a large, complex, wide-ranging, technical and challenging project of critical importance to our members and government.
Energy UK
Daisy CrossHEAD OF FUTURE RETAIL MARKETS, ENERGY UK
Engage Consulting has been instrumental in establishing the Alt HAN Co; ensuring the complex journey from inception to being an independently operational business, was delivered with professional and invaluable expertise and support.
Alt HAN Co
Paul CooperMANAGING DIRECTOR, ALT HAN CO
The 105 number for customers to call in a power cut was a key project for the ENA to deliver on behalf of electricity network operators. Engage overcame the many multi-stakeholder challenges – enabling us to obtain a three-digit number from Ofcom.
David Smith
David SmithCEO, ENERGY NETWORKS ASSOCIATION
We brought Engage in, as industry experts, to review our systems, processes and controls – and ensure that they would support our next phase of growth. The report they provided us with was clear and insightful – and enabled us to make real improvements across our business.
Darren Braham
Darren BrahamFINANCE DIRECTOR, FIRST UTILITY
Engage analysed gigabytes of our portfolio data and identified customer accounts causing the imbalance. They also successfully identified the key causes, provided detailed recommendations and proposed a model settlements function to allow us to improve our processes and manage future imbalances.
Lesley Baxter
Lesley BaxterFINANCE DIRECTOR, TOTAL GAS & POWER
Engage applied their detailed industry knowledge to develop a robust methodology for quantifying the impact of these adjustments, applied this to large volumes of our metered data, and produced a far more accurate determination of our losses.
SP Energy Networks
Allan HendryHEAD OF LICENCE & REVENUE, SCOTTISH POWER ENERGY NETWORKS
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