Spark Energy Misses £14.4M Payment

Legacy_user

BORDERS electricity and gas supplier Spark is in merger negotiations, having missed a £14.4 million renewables obligation payment, with its chief executive claiming the UK Government’s price cap has caused “chaos” in the sector.

Spark, which has around 297,000 energy customers and employs more than 400 of its 430-strong workforce at its Selkirk head office, is in “ongoing” talks with industry regulator Ofgem over the missed payment.

https://www.heraldscotland.com/business_hq/17222076.borders-energy-supplier-spark-misses-144m-payment/

I suspect that they are not the only supplier that is struggling.

Biggus_Dickus

That makes ominous reading.:(

Perhaps, like the Phoenix from the Ashes, the BIG-6 will rise up and reign supreme once again;

...and god help all of us. :eek:

System

Biggus_Dickus wrote: »

That makes ominous reading.:(

Perhaps, like the Phoenix from the Ashes, the BIG-6 will rise up and reign supreme once again;

...and god help all of us. :eek:

Possibly not as 2 of 6 are merging.:)

Biggus_Dickus

Hengus wrote: »

Possibly not as 2 of 6 are merging.:)

Yes, I’d forgotten all about that forthcoming marriage;...we’ll have to get used to saying the Big5 very soon;

...sounds even more ominous tbh.

kwame41

Further proof if it was needed that the UK energy market is broken.