Seven small UK energy suppliers must pay renewables fees or risk losing licence

LONDON -

Seven small British energy suppliers owe a total of 34 million pounds ($43.74 million) in renewables fees and could face losing their supply licences if they cannot pay, energy regulator Ofgem reports.

Under Britain’s energy market rules, suppliers of energy must meet so-called renewables obligations and feed-in tariffs which are imposed on them by the government to help fund renewable power generation.

Several small energy companies have gone bust over the past two years as they struggled to pay the renewables fees and as their profits were affected by a price cap on the most commonly used tariffs and fluctuating wholesale prices.

Ofgem has called on the companies to make necessary payments by Oct. 31.

“If they do not pay Ofgem could start the process of revoking their licences to supply energy,” it said in a statement.

The seven suppliers are: Co-Operative Energy Limited; Flow Energy Limited; MA Energy Limited; Nabuh Energy Limited; Robin Hood Energy Limited; Symbio Energy Limited and Tonik Energy Limited. ($1 = 0.7773 pounds)

Related News

Electrification Of Vehicles Prompts BC Hydro's First Call For Power In 15 Years

VANCOUVER - The Government of British Columbia (the Government or Province) has announced that BC Hydro would be moving forward with a call for new sources of 100 percent clean, renewable emission-free electricity, notably including wind and solar. The call, expected to launch in spring 2024, is BC Hydro's first call for power in 15 years and will seek power from larger scale projects.

Over the past decade, British Columbia has experienced a growing economy and population as well as a move by the housing, business and transportation sectors towards electrification. As the Government highlighted in their recent announcement, the…

READ MORE

Should California classify nuclear power as renewable?

READ MORE

florida power line crews

Crews have restored power to more than 32,000 Gulf Power customers

READ MORE

Enel Green Power Espana

Enel kicks off 90MW Spanish wind build

READ MORE

bc-electric-highway

BC’s Electric Highway

READ MORE