Palladium Energy Supply Limited - Notice of revocation of an electricity supply licence [Retracted]

Publication date
25th February 2021
Information type
Policy area

NOTICE OF REVOCATION OF A LICENCE PURSUANT TO SECTION 6 OF THE ELECTRICITY ACT 1989

Notice of Revocation

Whereas

1.  Palladium Energy Supply Limited, (company registration number 09134831), having its registered office at Unit 3 Shorebury Point, Amy Johnson Way, Blackpool, Lancashire, FY4 2RH is the holder of an Electricity Supply Licence (the “Licence”) granted or treated as granted under Section 6(1)(d) of the Electricity Act 1989 (the “Act”).

2.  Section 6(8) of the Act provides that a licence granted or treated as granted under the Act may be revoked in accordance with any term contained in it.  

3.  Paragraph 1(e) of Schedule 2 of the Licence provides that the Gas and Electricity Markets Authority (the “Authority”) may at any time revoke the Licence on giving no less than 30 days’ notice to Palladium Energy Supply Limited where it has not commenced the licensable activity within 1 year after the date on which the Licence comes into force or has ceased to supply electricity to all customers.

4.  The licensee has not commenced the supply of electricity to any premises within 1 year of the Licence coming into force. 

Reasons for Decision 

5.  The Authority has decided that the Licence should be revoked in accordance with paragraph 1(e)(i) of Schedule 2 of the Licence because the Licensee has not within 1 year after the date of the Licence grant commenced the supply of electricity to any premises within the specified area in Schedule 1.

Therefore

6.  The Authority hereby gives notice that, unless the Authority otherwise directs, the Licence will be revoked with effect from 31 March 2021.

David Hall

Duly authorised on behalf of the Gas and Electricity Markets Authority

On 25 March, the Authority directed that this revocation notice and decision be retracted to allow consideration of representations made by the licensee.

The revocation of this licence will therefore not take place on 31 March 2021.