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.
Ofgem has proposed a £100,000 fine for Symbio Energy to send a “strong message” about late payments into government renewables schemes.
Symbio Energy is being investigated by Ofgem over late Renewables Obligation and feed-in tariff (FiT) payments.
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.
Yorkshire Energy has ceased to trade, becoming the latest small supplier casualty of 2020.