Tomato Energy Limited: failure to maintain liquidity
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Tomato Energy Limited: Provisional Order
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Investigation into Tomato Energy Limited over ongoing non-compliance issues.
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
[Notice of Proposal to Impose a Financial Penalty Pursuant to Section 27A(3) of the Electricity Act 1989 [PDF, 203.55KB]
Related links
Tomato Energy Limited: Provisional Order