GoTo Energy Limited: Final Order

Orders
  • Open - Decision Proposed - Confirm Final Order
  • Decision Proposed – Revoke Final Order
  • Final Order issued
  • Notice to rectify
  • Notice to revoke licence
  • Closed

Publication date

Industry sector

Supply and Retail Market

Licence type

Electricity Supply Licence

On 1 October 2021, the Authority published its notice of proposal to issue a Final Order (FO) on GoTo Energy Limited under Section 25(1) of the Electricity Act 1989.

The particular behaviour of concern giving rise to the proposed FO was that GoTo Energy Limited failed to meet its Renewables Obligations (RO), by failing to produce Renewables Obligation Certificates to the Authority by 1 September 2021, or to make payments as an alternative by 31 August 2021, sufficient to discharge its RO.

GoTo Energy Limited subsequently failed to provide robust assurances that it could and would be in a position to make the necessary late payment, including applicable interest, by the late payment deadline of 31 October 2021.

As GoTo Energy Limited ceased trading on 18 October 2021, the Authority has taken the decision not to proceed with issuing a FO.

The Authority will engage with GoTo Energy Limited's administrators and seek to recover as much money as possible through that process.