The energy regulator has moved closer to shutting down a small supplier after it failed to pay debts owed to a government green electricity scheme. Ofgem said that Gnergy had failed to comply with a final order to pay £673,876 by the end of August under the Renewables Obligation scheme, which subsidises wind and solar farms. It said that Gnergy then missed an extended payment deadline of the end of October and failed to provide any assurance it could make the payment. The regulator was now “taking further enforcement action by starting the process that may result in the revocation of the supplier’s licence”. Gnergy is run by former Gurkhas and has about 10,000 customers. It is one of dozens of small suppliers to have launched in recent years. More than a dozen have gone bust over the past two years, often after leaving substantial unpaid debts that are then picked up by the rest of the industry.
Times 10th Jan 2020 read more »