Borders electricity and gas supplier faces Ofgem investigation

Energy regulator Ofgem has launched an investigation into Borders electricity and gas supplier Spark Energy over non-payment of money due under the UK Government’s renewables obligation schemes.

Under the schemes, suppliers who do not source the required proportion of electricity from renewable sources have to pay into a buy-out fund administered by Ofgem. The amount of payments outstanding into the buy-out fund for 2017-2018 at 31 August was £102.9 million. Ofgem said a shortfall of £58.6m remains.

The regulator also investigating Coventry-based Economy Energy over the same non-payment issue and has given notice that it requires two other non-compliant suppliers – URE Energy and Eversmart – to deliver all outstanding payments by 31 March 2019.

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