Ofgem orders Outfox the Market to make Feed-in Tariffs payment
Ofgem is issuing Outfox the Market (Foxglove Energy Supply Ltd) with a provisional order, compelling the supplier to pay £602,930 in full for the Feed-in Tariffs (FIT) scheme by Wednesday 12 February 2020.
The FIT scheme, which is administered by Ofgem, provides payments to owners of small-scale renewable generators and is funded through levies on suppliers.
Any supplier who fails to pay its Levelisation Payment by the deadline will be in breach of Electricity Supply Standard Licence Condition (“SLC”) 33.
Outfox the Market has told Ofgem that it will not make its upcoming FIT payment by 12 February 2020 for Year 10, Quarter 3 of the scheme. Therefore, Ofgem believes that Outfox the Market is likely to contravene SLC 33.
If Outfox the Market fails to comply, it could end up in having its licenced revoked and Ofgem may open a formal investigation into the potential non-compliance, which could result in the supplier paying a penalty.
Notes to Editors
- Foxglove Energy Supply Ltd is the holder of an electricity supply licence. Foxglove Energy Supply Ltd trade under the name of Outfox the Market.
- The Feed in Tariffs scheme is a government programme designed to promote the uptake of smaller scale renewable and low-carbon electricity generation. It requires participating electricity suppliers to make payments on both generation and export from eligible installations. Ofgem administers the scheme on behalf of government. More information is here: https://www.ofgem.gov.uk/environmental-programmes/fit/about-fit-scheme
- SLC 33 stipulates that all licensed electricity suppliers that have supplied electricity in Great Britain, within the relevant FIT year or quarter are obligated to participate in the FIT levelisation process. They have to declare the amount of electricity they have supplied and make a financial contribution towards the scheme in proportion to this.
For media, contact
Michelle Amos: 020 7901 1881
Media out of hours mobile: 07766 511470 (media calls only)
General enquiries (non-media)
If you are an energy customer looking for help and advice, including complaints about energy firms, please see our Household gas and electricity guide. Citizens Advice also provide a free, impartial helpline service across a range of issues on 03454 040506.
We also regularly share news and post general advice to help consumers get the most out of their energy services via our @Ofgem twitter and Facebook pages. If you have an enquiry or complaint relating to Ofgem’s policies or functions, contact us at email@example.com or on 020 7901 7295.
For all other non-media related enquiries, please visit our Contact us page.
Ofgem is the independent energy regulator for Great Britain. Its priority is to make a positive difference for consumers by promoting competition in the energy markets and regulating networks.
For energy insights and updates straight to your inbox from Ofgem, please subscribe.
Latest News from
E.ON to pay over £650,000 after taking Direct Debit payments early22/04/2021 13:15:00
Energy regulator Ofgem has closed compliance engagement with E.ON relating to Direct Debit payments being taken earlier than agreed from 1.6 million customers.
National Grid Electricity System Operator to pay £1.5 million over electricity demand forecasts08/04/2021 11:15:00
In 2017, Ofgem introduced a financial incentive to drive National Grid Electricity System Operator (National Grid ESO) to produce more accurate forecasts.
Creating a more diverse and inclusive energy sector post-Covid31/03/2021 14:20:00
The two-day virtual conference, sponsored by Accenture, is free to attend and features a host of diverse speakers coming together to discuss how the sector can move from intention to action and create a truly diverse and inclusive energy sector.
Ofgem reforms could see credit balances of around £1.4 bn automatically returned18/03/2021 13:15:00
Ofgem is consulting on proposals to limit the amount of customer credit balances suppliers can hold, which could result in as much as £1.4 billion in total or £65 per household on average being returned.
Ofgem boosts investment for Britain’s electricity networks12/03/2021 13:15:00
Ofgem has confirmed ambitious plans to boost investment in local electricity grids needed to support the growth in electric cars, small scale renewables, storage and cleaner forms of heating.
Energy network company annual reports 2019-2011/03/2021 13:15:00
Ofgem has today published the performance and financial annual reports for the 2019-20 year for electricity distribution, gas distribution, electricity transmission and gas transmission network companies.
Ofgem awards licence for grid link to world’s largest wind farm05/03/2021 10:15:00
Ofgem has awarded a licence for the grid link to the world’s largest offshore wind farm after securing a record £1.2 billion investment.
18 energy suppliers pay £10.4 million for contract renewal failures03/03/2021 13:15:00
Energy regulator Ofgem found 18 suppliers did not adhere to price protection rules, which protect a customer’s tariff price when they decide to either switch suppliers or tariffs after a price increase.