Challenger firms Robin Hood Energy, Toto Energy, Gnergy and Delta Gas and Power have failed to make renewable energy payments to regulator Ofgem that were due by 1 September. The companies are accused of failing to pay the £2.3bn in subsidies they received from government between 2009 and 2014. Toto owe £9.4m ($11.6m) and £4.6m respectively, while Gnergy has £673,876 outstanding and Delta £91,937. Ofgem warned that energy firms not meeting their green tax obligations risk losing their licences, while analysts speculated about the stability of the challenger energy firm sector. The outstanding payments are for certificates that show the companies are putting money into green energy projects.
Challenger firms Robin Hood Energy, Toto Energy, Gnergy and Delta Gas and Power have failed to make renewable energy payments to regulator Ofgem that were due by 1 September. Robin Hood and Toto owe £9.4m ($11.6m) and £4.6m respectively, while Gnergy has £673,876 outstanding and Delta £91,937. Ofgem warned that energy firms not meeting their green tax obligations risk losing their licences, while analysts speculated about the stability of the challenger energy firm sector. The outstanding payments are for certificates that show the companies are putting money into green energy projects.