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
Report: Solar ITC Extension Would Be ‘Devastating’ for US Wind Market
WASHINGTON - The booming U.S. wind industry faces an uncertain future in the 2020s. Few factors are more important than the fate of the solar ITC.
An extension of the solar investment tax credit (ITC) at its 30 percent value would be “devastating” to the future U.S. wind market, according to a new Wood Mackenzie report.
The U.S. is on track to add a record 14.6 gigawatts of new wind capacity in 2020, and nearly 39 gigawatts during a three-year installation boom from 2019 to 2021, according to Wood Mackenzie’s 2019 North America Wind Power Outlook.
But the market’s trajectory begins to look…
