Ofgem confirms mutualisation for third consecutive year

Ofgem has confirmed that missed renewables obligation (RO) payments will be mutualised for the third consecutive year after a number of suppliers failed to meet the deadlines. The energy regulator recently revealed 33 suppliers failed to meet their total obligations by 31 August for buy-out payments and 1 September for RO certificates. As a result there was a combined shortfall of more than £105 million in buy-out funds.

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