Robin Hood Energy has revealed it has been given until March 2020 to pay more than £9 million in renewables obligation (RO payments).
The council-backed energy supplier was named by Ofgem today (1 October) as one of four retailers which failed to make renewables obligations payments by the deadline.
In a statement the energy regulator said it was consulting on issuing the suppliers with final orders to compel them to make the outstanding payments they owe by 31 October 2019.
However, a spokesperson for Robin Hood Energy said: “We arranged a meeting in August to discuss this matter with Ofgem and were advised that as long as our Renewable Obligation Certificate (ROCs) payment is made by March 2020, which we have always planned to do, then this matter will be resolved.”
The four suppliers owe £14.7 million in total. They are:
- Delta Gas and Power Ltd – outstanding amount: £91,937
- Gnergy Ltd – outstanding amount: £637,876
- Robin Hood Energy Ltd – outstanding amount: £9,435,925
- Toto Energy Ltd – outstanding amount: £4,555,880
A spokesperson for Toto meanwhile said: “We regret Ofgem’s decision to issue this consultation at this time. We disagree with the reasons for their decision.
“We remain committed to meeting our all of our obligations and continuing to deliver excellent service to our customers.”
Ofgem declined to comment when asked how many other suppliers had failed to make their RO payments.
Last year an “unprecedented” 34 suppliers failed to meet their full obligations by the 1 September deadline.
Last November Ofgem announced a mutualisation process would be triggered for the first time ever after the outstanding payments following the final deadline exceeded a threshold known as the relevant shortfall.
It was later confirmed the level of the shortfall at £58.6 million.