New Stream Renewables Limited - Notice of Revocation of an Electricity Supply Licence

Licence revocation

Publication date

Company

Industry sector

Supply and Retail Market

Licence type

Electricity Supply Licence

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

Notice of Revocation

Whereas

1. New Stream Renewables Limited, (company registration number 08283531), having its registered office at Whiting & Partners, Norfolk House, Hamlin Way, Kings Lynn, Norfolk, PE30 4NG, 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 New Stream Renewables 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 for a period of 1 year.

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 00:01am on 14 March 2022.

Lynn Parker

Duly authorised on behalf of the Gas and Electricity Markets Authority

09 February 2022