Nabuh Energy ordered to pay £872,200 to Ofgem today

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NABUH Energy has been issued with a provisional order by Ofgem, ordering the supplier to pay £872,200.62 plus interest in Renewables Obligations today.

Under the government’s Renewables Obligation schemes, suppliers have to demonstrate they have sourced enough electricity from renewable sources to meet their obligation by presenting Renewables Obligation Certificates (ROCs) to Ofgem by 1 September.

If suppliers do not have enough ROCs to meet their obligation, they must make up the shortfall by paying into a buy-out fund administered by Ofgem by 31 August.

Nabuh Energy failed to pay into the buy-out fund or present the required number of ROCs by the 31 August and 1 September 2019 deadlines.

Nabuh Energy previously gave assurances to Ofgem that it would meet its Renewables Obligations by 31 October 2019, but has since indicated it will not be in the position to make payment by the deadline.

Nabuh Energy is required to make the necessary payment immediately. If it does not, Ofgem will take further action to enforce payment, which may ultimately lead to the revocation of its licence.

Earlier this week, Ofgem issued a final order compelling Gnergy Ltd to make the outstanding payment of £673,876.62 plus interest to comply with the Renewables Obligation schemes by 31 October 2019.