Watchdog issues final order for energy supplier to pay over £2.7m
Ofgem has issued a series of final orders for unpaid Renewables Obligation and Feed-in Tariff payments.
The watchdog had previously announced it was looking for £34m from various companies one of which was Sheffield-based Nabuh, which could lose its licence.
Since then a number have either paid, ceased trading or provided “sufficient assurances” to the regulator, however Nabuh has failed to engage is now required to pay £2,68m (excluding interest) by the late payment deadline of 31 October.
After this deadline Ofgem has confirmed it is “ready to take the appropriate enforcement action against them, which could result in their licence being revoked”.
Cathryn Scott, Ofgem’s Director of Enforcement and Emerging Issues, said:”The Renewables Obligation and Feed-in Tariff schemes provide vital support to renewable electricity generators and play an important role in Great Britain’s journey to a greener, fairer, energy system.
“This enforcement action shows that we will take robust action if suppliers undermine such schemes by failing to meet their obligations, which could lead to them having their licence revoked.”