Neon Reef Limited: Provisional Order

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

Publication date

Company

Industry sector

Supply and Retail Market

Licence type

Electricity Supply Licence

On 21 September 2021, the Authority issued a provisional order to Neon Reef Limited ("Neon Reef") in accordance with section 25(2) of the Electricity Act 1989.

Neon Reef is required to make Feed-in Tariff (“FIT”) Levelisation Payments on both a quarterly and annual basis, as per the requirements of Standard Licence Condition ("SLC") 33 and the Feed-In Tariff Order 2012.

Neon Reef has failed to make its FIT Year 11 Annual Levelisation Payment of £37,350.76 by the deadline of 17 September 2021.

The provisional order requires Neon Reef to pay the outstanding amount forthwith.

On 24 September 2021, the Authority published a Notice of Reasons explaining in greater detail the rationale for issuing the provisional order

On 24 September 2021, the Authority made a Revocation Order in accordance with section 25(7)(c) of the Electricity Act 1989. The Authority decided that the terms of the provisional order were no longer requisite for the purpose of ensuring Neon Reef’s compliance, as Neon Reef paid the outstanding sum on 22 September 2021.

The provisional order is no longer in place.