Ofgem has revealed the four suppliers who failed to meet the first deadline to pay their Renewables Obligations (RO), leaving them owing a total of £14.7 million.
The energy regulator has warned Robin Hood Energy, Toto Energy, Delta Gas & Power and Gneargy that if they don’t pay by 31 October it could start the process to revoke their licences.
The totals payable are:
- Delta Gas and Power Ltd – £91,937
- Gnergy Ltd – £637,876
- Robin Hood Energy Ltd – £9,435,925
- Toto Energy Ltd – £4,555,880
Under the RO scheme, suppliers have to demonstrate they have sourced enough electricity from renewable sources to meet their obligation by presenting Renewables Obligation Certificates (ROCs) to Ofgem by 1 September.
If suppliers do not have enough ROCs to meet their obligation, they must make up the shortfall by paying into a buy-out fund administered by Ofgem by 31 October.
Ofgem said the four suppliers failed to provide satisfactory assurances and the regulator believes they are likely to breach their obligations.
Other suppliers missed the 31 August deadline but have given satisfactory assurances to Ofgem on meeting their obligations.
Mary Starks, executive director of consumers and markets said: “The Renewables Obligation schemes provide important support to renewable electricity generators and play an important role in Great Britain’s journey to a net zero emission economy by 2050.
“Supplier failure to comply with the schemes undermines the integrity of the schemes and is unacceptable.
“It also adds to the costs of other suppliers who do meet their obligations as they have to absorb or make up any shortfall.
“This enforcement action sends a strong signal that suppliers must meet their obligations, or pay the consequences which could mean losing their licence.”