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UK's Ofgem warns five energy suppliers on failure to pay renewable fees

UK's Ofgem warns five energy suppliers on failure to pay renewable fees
UK's Ofgem warns five energy suppliers on failure to pay renewable fees   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – Five small British energy suppliers must pay a total of 7 million pounds ($9.5 million) towards its renewable scheme or face losing their licenses, regulator Ofgem said on Friday.

Ampoweruk, Whoop Energy, Goto Energy, Home Energy Trading and Colorado Energy have all already missed an initial Aug. 31/Sept. 1 deadline, Ofgem said.

A final order to pay could be sent by Oct. 31, Ofgem said.

“If they do not pay, Ofgem could start the process of revoking their licences to supply energy,” Ofgem said.

($1 = 0.7376 pounds)