Two more energy retailers have been kicked out of the Balancing and Settlement Code (BSC), meaning they can no longer register new customers.
It follows the expulsions of Symbio Energy and Whoop Energy yesterday (Monday).
Parties buying and selling power are required to post sufficient collateral to cover their outstanding payments in case they cease trading. Avro and Delta were found to have failed to do this over two working days. Elexon added that it had received no evidence from the suppliers “of remedial actions to resolve the default”.
Elexon also issued a panel decision about AMPower UK, saying it was being treated as a “defaulting party” for similar failure to reduce its credit coverage percentage but was not being expelled.
Meanwhile, Ofgem has ordered five suppliers to pay a combined £750,000 in missed renewables payments or face having their licences revoked.
The regulator handed provisional orders to Colorado Energy, Igloo Energy Supply, Neon Reef, Symbio and Whoop for failing to pay into the Feed In Tariff (FIT) levelisation obligation by the deadline of 17 September.
Non-payment into the FIT scheme, which provides payments to small-scale renewable generators, is a breach of supply licence.
Colorado owes £261,406, Igloo £316,582, Neon Reef £37,350, Symbio £146,238 and Whoop £3,780.
Ofgem said if the suppliers failed to comply with the orders it could take “further enforcement action”.
It follows a day of further disruption in energy retail with Green, a supplier of 250,000 customers, appointing advisors. Meanwhile, a further two price comparison websites have completely suspended their energy services, while other sites continue to have severely limited offers.