Tomato Energy Limited: failure to maintain liquidity

Financial penalty proposed

Proposal to impose a financial penalty to Tomato Energy Limited because of its failure to obtain and maintain liquidity at a sufficient level. 

Enforcement description

Ofgem is publishing a proposal to impose a penalty on Tomato Energy because of its non-compliance with the issues linked to the provisional order published in April. We are proposing a financial penalty requiring it to pay £1,500,000. This is for breaching the standard licence condition that requires it to obtain and maintain liquidity at a level that enables it to pay its ongoing financial liabilities. 

Enforcement case documents