TOTO Energy Limited: Final Order
Orders
Closed
Publication date
Closed date
Company
Licence type
Electricity Supply Licence
Scheme name
RO
On 1 October 2019, the Authority published its notice of proposal to issue a Final Order (FO) on TOTO Energy Ltd in accordance with Section 25(1) of the Electricity Act 1989 (EA89).
The particular behaviour of concern giving rise to the proposed FO was that TOTO Energy Ltd failed to meet its Renewables Obligations (RO), by failing to produce Renewables Obligation Certificates (ROC) to the Authority by 1 September 2019, or to make payments as an alternative by 31 August 2019, sufficient to discharge its RO. TOTO Energy Ltd subsequently failed to provide robust assurance that it could and would be in a position to make the necessary payment, including applicable interest, by the late payment deadline of 31 October 2019.
As TOTO Energy Ltd ceased trading on 23 October 2019, the Authority has taken the decision not to proceed with issuing a FO.
The Authority will engage with TOTO’s administrators and seek to recover as much money as possible through that process.