- Jan 2021
The Gas and Electricity Markets Authority (“the Authority”) proposes to impose a financial penalty of £100,000 on Symbio Energy Limited for its failure to comply with Standard Licence Condition (“SLC”) SLC 33 of the Electricity Supply Licence, the Feed-In Tariff (FIT) Order 2012, Articles 68 and 74 of the Renewable Obligation Order 2015 (as amended) (ROO) and Article 49 of the Renewable Obligation (Scotland) Order 2009 (ROS). If Symbio chooses to settle, the penalty will be reduced to £85,000.
As a FIT Licensee, under the requirements of SLC 33 and the FIT Order 2012, Symbio Energy is required to make FIT Levelisation Payments on both a quarterly and annual basis. Symbio Energy made its FIT Year 11 Quarter 1 and Quarter 2 payments late.
Under Article 68 of the ROO, for the 2019/2020 compliance period, Symbio Energy was required to make a payment to discharge its Renewable Obligation to the Authority by 31 October 2020. Symbio Energy did not discharge its obligation in full by 31 October 2020.
Article 74 of the ROO and Article 49 of the ROS requires licensed suppliers to pay towards mutualised costs, if mutualisation is triggered. Symbio Energy paid its Quarter 1 2018-19 mutualisation payment late.
The Authority considers it appropriate to impose a financial penalty for these contraventions. The Authority proposes a financial penalty of £100,000 on Symbio Energy. Further details can be found in the Notice of intention. If Symbio chooses to settle, the penalty will be reduced to £85,000.