Ofgem orders seven energy firms to pay £34m over renewables commitments

In the sense of two renewable energy projects, the energy regulator proposed orders for seven energy suppliers to invest more than £ 34 million.

Ofgem consults with seven end-of - life orders – Co-operative Energy, Flow Energy, MA Energy, Nabuh Energy, Symbio Energy, Robin Hood Energy, and Tonik Energy-for unpaid fees expected to conform with the program of Green Bonds, which would amount to £23.86 million.

The watchdog claimed that, in connection to a separate renewable energy programme, two companies are still owed £158,814.47.

Ofgem said the vendors did not offer them ample guarantees that they would allow payments through their Renewables Agreements (RO).

The government's RO schemes enable providers to indicate that they have obtained adequate renewable energy to satisfy their particular obligations.

Ofgem said vendors had to apply certain details to businesses certain refused to satisfy their commitments by paying into a fund to offset the deficit in achieving renewables goals.

Providers who refuse to pay in full by the original deadline are expected to pay at the end of October with interest.

The regulator said 24 vendors had skipped the initial deadline, while the remaining 17 had paid the sum due or provided sufficient guarantees that their obligations would be met.

In this month the seven vendors would be obliged to contribute to the Fund if the final orders are reported later.

If they refuse to pay, Ofgem will begin with the process of revocation of their energy licences.

Robin Hood Energy and Tonik energy announced separately that the firm owes £158 814.47 to the leveling of feed-in tariffs (fit).

The Fit framework makes compensation to owners of small-scale renewable generators, such as house solar panels, and is subsidized by suppliers' charges.

"The Renewables requirements and feed-in feeding tariffs provide crucial incentives for renewable production, growing cleaner energy usage, and moving the nation on its road to net zero emissions," said CathrynScott, Director of Compliance and Emerging Concerns of OFGEM.

"Undermining the credibility of the schemes is inappropriate and suppliers refuse to cooperate with these agreements and render correct payments.

"It sends a powerful warning that manufacturers must comply with their responsibilities."