Robin Hood Energy has been collecting £9.5m in renewable energy subsidies from their customers through their energy bills, but the energy supplier owned by Nottingham city council has failed to remit them to the authorities.
The fund, which is meant to be collected to support the funding for renewable energy research, has already been collected from the customers of Robin Hood Energy, but the company missed the deadline to pay its share of the money to the industry regulator, Ofgem last month.
Robin Hood Energy has been collecting £9.5m in renewable energy subsidies from their customers through their energy bills, but the energy supplier owned by Nottingham city council has failed to remit them to the authorities.
The fund, which is meant to be collected to support the funding for renewable energy research, has already been collected from the customers of Robin Hood Energy, but the company missed the deadline to pay its share of the money to the industry regulator, Ofgem last month.
In the event that Robin Hood Energy is still unable to pay the subsidies and the respective fines for its late payment, Ofgem said hat the troubled energy provider might lose its license to distribute energy.
Robin Hood Energy is not the only energy supplier that is at risk of losing their supply license for not paying the renewable energy subsidy. Delta Gas and Power, Gnergy, and Toto Energy, together with Robin Hood Energy need to pay up to £14.7 million to support the government’s renewable energy scheme.
Of the four energy companies that owe money from Ofgem, Robin Hood owes the most, followed by Toto Energy. Toto Energy needs to pay £4.5m in renewable energy subsidies.
Ofgem said that energy suppliers shrinking their contribution to the renewable energy scheme is “unacceptable.” Mary Starks, the executive director at Ofgem, warns suppliers that they “must meet their obligations, or pay the consequences.”
Gillian Guy, the chief executive of Citizens Advice, the consumer watchdog, said that if the energy suppliers still refuse to pay for the renewable energy, the tab would need to be picked up by consumers through higher bills.
“This is not a new problem. Last year, less than half of the initial unpaid renewables obligation was ever paid back. Energy suppliers should not be allowed to build up these levels of debt in the first place,” she said.
Which is meant to be collected to support the funding for renewable energy research, has already been collected from the customers of Robin Hood Energy, but the company missed the deadline to pay its share of the money to the industry regulator, Ofgem last month.
In the event that Robin Hood Energy is still unable to pay the subsidies and the respective fines for its late payment, Ofgem said hat the troubled energy provider might lose its license to distribute energy.
Robin Hood Energy is not the only energy supplier that is at risk of losing their supply license for not paying the renewable energy subsidy. Delta Gas and Power, Gnergy, and Toto Energy, together with Robin Hood Energy need to pay up to £14.7 million to support the government’s renewable energy scheme.
Of the four energy companies that owe money from Ofgem, Robin Hood owes the most, followed by Toto Energy. Toto Energy needs to pay £4.5m in renewable energy subsidies.
Ofgem said that energy suppliers shrinking their contribution to the renewable energy scheme is “unacceptable.” Mary Starks, the executive director at Ofgem, warns suppliers that they “must meet their obligations, or pay the consequences.”
Gillian Guy, the chief executive of Citizens Advice, the consumer watchdog, said that if the energy suppliers still refuse to pay for the renewable energy, the tab would need to be picked up by consumers through higher bills.
“This is not a new problem. Last year, less than half of the initial unpaid renewables obligation was ever paid back. Energy suppliers should not be allowed to build up these levels of debt in the first place,” she said.
