Ofgem has issued two energy suppliers with final orders and five suppliers with provisional orders over a total of £17.9 million of outstanding Renewables Obligation (RO) payments.
Ofgem has revoked the electricity supply licence held by Nabuh Energy over unpaid debts.
Ofgem has proposed a £100,000 fine for Symbio Energy to send a “strong message” about late payments into government renewables schemes.
Ten energy suppliers that failed to meet the late payment deadline for Renewable Obligations (RO) have now either gone bust or had their licence revoked.
Mutualisation of Renewables Obligation triggered for third year as suppliers struggle to meet payment deadlines
For the third year in a row, mutualisation of Renewables Obligations (RO) has been triggered according to Ofgem.
‘Shortcomings’ of Northern Ireland’s Renewable Obligations scheme highlighted despite renewables growth
A number of "shortcomings" in the design of Northern Ireland’s Renewable Obligation scheme (NIRO) have been identified, allowing the rate of return to be in excess of 20% for some generators.
Ofgem is consulting on issuing seven suppliers with final orders over £34 million in outstanding Renewable Obligation (RO) and feed-in tariff (FiT) levelisation fees.
The risk of Renewable Obligation (RO) mutualisation has grown, as the supply market continues to be challenging.
The government has committed to protect suppliers from 80% of the increases in obligation payments for the second quarter.