Ofgem orders Avro Energy to provide financial information
Ofgem is issuing Avro Energy with a provisional order, which compels it to provide the regulator with financial and other information relating to the company’s activities.
Ofgem requested the financial information on August 19.
Avro Energy is now required to immediately provide this information and we expect them to engage in constructive discussions about their financial projections.
Failure to provide the financial information requested by Ofgem is a breach of Avro Energy’s licence conditions, which all suppliers in the market have signed up to.
Failure to comply may result in further enforcement action being taken by the regulator which could include a fine, or Avro Energy being stripped of its licence to operate in the GB market.