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Eversmart Energy has announced it has now paid all of its remaining Renewables Obligation (RO) payments after it failed to meet the original and extended deadline last year.
The company was listed as one of 14 suppliers which failed to pay its RO payments in full by the 31 October late payment deadline in 2018.
It owed £367,149.82 and was ordered to pay Ofgem this amount in instalments by 31 March this year.
Speaking to Utility Week Eversmart’s chief executive Barney Cook said the company had paid its obligation in full.
Cook said: “I can confirm that our last payment to Ofgem was made on 27 March and we have now paid out to Ofgem all of our planned renewable obligation certificate payments therefore delivering our obligation.”
Another supplier which was given until 31 March to pay its remaining obligation was URE Energy.
Last month Ofgem issued URE with a final order for payment of £209,013.78. The company had until 5pm on the deadline day to make the payment and was required to notify Ofgem it had done so via email.
Big six supplier SSE made representations in support of the proposal of the final order, with the large supplier sharing the regulator’s concern that compliant suppliers are penalised by shortfalls arising from non-compliant suppliers, such as URE.
In total 34 suppliers failed to meet their obligation by the initial 1 September 2018 deadline. Of those, 20 fully discharged their obligation by the late payment deadline at the end of October.
In November, the regulator announced a mutualisation process would be triggered for the first time ever after the outstanding payments following the final deadline exceeded a threshold known as the relevant shortfall.
The level of the shortfall was confirmed at £58.6 million.
A number of suppliers named as owing RO payments beyond the 31 October late payment deadline have ceased trading.
These include: Iresa, Spark, Extra, Future Energy, Gen4U, Snowdrop, Economy Energy and most recently Brilliant Energy.
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