Four energy firms face losing licences after being given a month to pay £14.7m owed in green taxes
Robin Hood Energy, Toto Energy, Gnergy and Delta Gas and Power failed to meet the deadline for renewable energy payments
Four energy suppliers have a month to pay £14.7million owed in green taxes, or face losing their licences, Ofgem has warned.
Robin Hood Energy, Toto Energy, Gnergy and Delta Gas and Power failed to meet the September 1 deadline for renewable energy payments, which all suppliers must make.
Failing to make payments is seen as a sign that a company is struggling.
Two of the three firms that missed the second deadline last year went bust. The payments fund green initiatives to help end reliance on fossil fuels.
The warning comes as Ofgem’s energy price cap came into force yesterday.
The maximum price for a typical dual fuel customer on a standard variable tariff will fall from £1,254 a year to £1,179.
m.dilworth@dailymail.co.uk