Ofgem confirms £97.5m renewables obligation shortfall


The Renewables Obligation buyout fund was £97.5m light for 2018-19, Ofgem has confirmed, with many of the companies that owe money now defunct.

That leaves other suppliers to pick up the tab, although three firms  – Nabuh Energy, Planet 9 Energy and Hudson Energy, which is now owned by Shell – paid  £38.7m after the deadline, which will be redistributed to suppliers at a later date.

Sixteen firms went bust, or had licences revoked, owing most of the remainder. These were:

Brilliant Energy, Economy Energy Trading, Electraphase, Eversmart Energy, Extra Energy Supply, GEN4U, Iresa, One Select, Our Power Energy Supply, Rutherford Energy Supply, Snowdrop Energy Supply, Solarplicity Supply, Spark Energy Energy Supply, TOTO Energy, Ure Energy and Usio Energy.

Ofgem said it hoped to recover some of the money from the firms’ administrators.

Meanwhile, 33 suppliers owed some £38m in capacity market payments when the deadline passed late November.

RO shortfall details here.

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