Ofgem has issued final orders to three energy suppliers for failing to pay £15 million in Renewables Obligation (RO) and Feed-in Tariff (FiT) payments. Nabuh Energy Limited, Robin Hood Energy Limited and Symbio Energy Limited all failed to pay into the buy out fund or present the required number of Renewables Obligation Certificates (ROCs) by the initial deadlines of 31 August and 1 September 2020. They are now also expected to miss the late payment deadline of 31 October, having given the regulator no assurances of their ability to meet it. Robin Hood Energy – which owes by far the greatest share of the late missed payments with a £12,057,879.42 RO debt – also owes £33,945.51 in FiT payments. Nabuh Energy owes £2,683,631.70 and Symbio £506,308 in RO debt. Nottingham Council-owned Robin Hood Energy has been struggling in recent years, posting a £23.1 million loss in its April 2018 to March 2019 results published in March 2020. This led the company to sell its customer base to Centrica’s British Gas in September, as it works to recoup losses.
Current 30th Oct 2020 read more »