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Ofgem has confirmed that missed renewables obligation (RO) payments will be mutualised for the third consecutive year after a number of suppliers failed to pay in full.
Last week the energy regulator said 33 suppliers had not met their total obligations by the deadlines of 31 August for buy-out payments and 1 September for RO certificates. As a result there was a combined shortfall of more than £105 million in buy-out funds.
This morning (11 November) Ofgem revealed that “a number” of suppliers failed to discharge their obligation in full by the late payment deadline of 31 October.
It added that it was currently completing its calculations and internal checks on late payments received and payments to be redistributed.
Further details including the total shortfall, as well as the names of the suppliers who have failed to meet their obligations, will be published early next month.
Last month Ofgem revealed it had issued three suppliers with final orders over their failure to make a total of £15 million in RO and Feed-in Tariff (FIT) payments.
The three in question are Robin Hood Energy, Nabuh and Symbio.
Their outstanding amounts were:
| Supplier | RO payments owed (excluding interest) | FIT payments owed |
| Robin Hood Energy | £12,057,879.42 | £33,945.51 |
| Nabuh Energy | £2,683,631.70 | |
| Symbio Energy | £506,308 |
The regulator said the other suppliers that missed the 31 August and 1 September deadlines had provided satisfactory assurances they would be in a position to fulfil their annual obligations by the late payment deadline.
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