Small energy supplier Solarplicity has been told by Ofgem it must pay money owed to Feed-in Tariff generators by 16 May.
The company was banned from taking on new customers in February following concerns over customer service and enabling switching. Ofgem then said it had three months to “get its house in order”.
The company’s generation arm ceased trading last year after racking up significant debt and its accounts for the year to 31 March are outstanding, according to Companies House.
“Ofgem understands that Solarplicity failed to pay a number of FIT generators despite receiving FIT levelisation payments which should allow them to do so,” stated the regulator.
“FIT generators are likely to suffer from financial harm as a result of this and the non-payments could undermine the integrity of the FIT scheme itself.”
Related stories:
URE has three months to find £200k
£100m tab for failed energy suppliers
Ofgem outlines new rules to prevent another house of cards
Energy supplier debt crisis “creating house of cards”
Economy Energy latest failed supplier
Supplier debt crisis creating “house of cards”
Spark Energy shuts down domestic supply business
Ofgem tightens supply licence rules as money goes missing
Big cracks emerging in energy retail
Risk mismanagement: More suppliers will go bust
Utility Warehouse: More independent suppliers will go pop
Click here to see if you qualify for a free subscription to the print magazine, or to renew.
Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.
