Following Ofgem redistributing the £58,375,203 Renewables Obligation (RO) late payment fund in December to energy suppliers, a further £384,278.28 has been recovered by the regulator.
The UK could reduce its Russian gas imports by 80% this year by following nine steps, says climate change think tank E3G.
Ofgem has confirmed that the mutualisation of the Renewable Obligation (RO) has been triggered, as continued turmoil in the energy supplier sector leaves a shortfall of £218,300,151.73.
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 is consulting on issuing final orders to five suppliers who collectively owe over £7 million in late Renewables Obligations (RO) payments.
Ofgem has issued energy supplier Symbio Energy with a provisional order to pay around £450,000 to the feed-in tariff (FiT) scheme.
Ofgem is consulting on how to better address supplier payment default under the Renewable Obligation (RO) scheme.
Rebel Energy has raised 157% of its crowdfunding target in just seven days, with more than £220,000 raised.
Another two power suppliers have ceased to trade, in what continues to be a challenging market for smaller players.