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Ofgem has rescinded the provisional order it placed on Outfox the Market which obliged the energy supplier to make a Feed-in Tariff (FIT) payment of nearly £603,000 by today (12 February).
Outfox owed £602,930 for the Ofgem-administered scheme, which provides subsidies to small-scale renewable generators and is funded through a levy on suppliers.
The company is however still listed as owing more than £875,000 in capacity market payments which were due towards the end of last year.
A spokesperson for Outfox the Market said the capacity market payments “will be fully paid by 24 March”.
In a statement issued yesterday, Outfox expressed its disappointment in the energy regulator for issuing a public release prior to the due date of 12 February.
The statement added: “For Ofgem to issue a provisional order to Outfox the Market because it ‘believes Outfox the Market is likely to contravene SLC 33’ is presumptive and ultimately inaccurate.
“There is absolutely no regulatory basis for Ofgem making this announcement publicly, potentially causing reputational damage to Outfox the Market for a payment that is not yet due.
“Outfox the Market has never missed any obligatory payments and is fully-committed to satisfying all licencing conditions. Furthermore, the levelisation payment will be paid-in-full by the due date of 12 February 2020.
“Ofgem has confirmed that following receipt of the payment on the due date, the provisional order will be revoked.”
In documents published yesterday, Ofgem noted that Foxglove Energy Supply, the licence holder, had previously failed to make payments on time for two quarters in year nine of the scheme (2018/19) and had to be chased up. It said it is generally concerned with the company’s “poor record of compliance”.
The regulator said this was part of a continuing trend in suppliers submitting late or inaccurate data and late payments during 2018/19. It noted that a shortfall emerged during all of the quarterly levelisation rounds and that a mutualisation process was also triggered for the first time.
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