Ofgem: Seven Suppliers Owe £34 Million in RO & FiT Scheme Payments

The_Green_Hornet

Ofgem is consulting on issuing seven suppliers with final orders to compel them to make £33,861,450.83 in outstanding payments owed to comply with the Renewable Obligations (RO) scheme and pay £158,814.47 in Feed-in Tariff (FIT) levelisation payments.  

The seven suppliers are: Co-Operative Energy Limited; Flow Energy Limited; MA Energy Limited; Nabuh Energy Limited; Robin Hood Energy Limited; Symbio Energy Limited; and Tonik Energy Limited.

https://www.ofgem.gov.uk/publications-and-updates/ofgem-proposes-orders-pay-34-million-renewables-obligations-and-feed-tariff-payments

macman

Surely a bit late to be pursuing RHE now, who account for almost 40% of the total?

MWT

macman said:

Surely a bit late to be pursuing RHE now, who account for almost 40% of the total?

Not really, the company is in the process of being closed down and has sold its customers to BG, but the council are probably still on the hook for the losses...

Similarly Flow was bought by Co-op, both in the list. The Flow customers were sold to Octopus and then the Co-Op contracted with Octopus to run their customer services etc. so it is questionable how able Co-Op will be to cover the debts of Flow and themselves...

brewerdave

Apparently there were 17 further suppliers who have either paid late or have given OFGEM "assurances" - love to know who they were !!

inspectorperez

At least one of the seven named companies has indicated to OFGEM that they are unable to provide an assurance that these liabilities will be paid!

And yet they are still allowed to take on new business in the meantime!!

What sort of protection is that for consumers?

Oh yes I know, the consumer will be transferred to a new provider ............. but that is such a pain and inconvenience after you have done your homework and made your choice to go with a particular provider, not to mention the cost of going on top a more expensive tariff than you were planning for.

Why does OFGEM simply not make an order for such non compliant companies to desist from taking on new business until the liability is paid or a licence revocation notice put in place?