Energy Market Crisis - Warrington Borough Council Losses?
It's already been documented elsewhere that Together Energy is controlled jointly by one of its' shareholders (Paul Scott Richards) and Warrington Borough Council (they seemed to have lent quite a bit of cash to the company to keep them going).
This news release by OFGEM may be of interest:
https://www.ofgem.gov.uk/publications/ofgem-orders-seven-suppliers-pay-ps179m-unpaid-renewables-obligations-payments
Together Energy have failed to pay their Renewable Obligations that amount to £12.4 million. Out of a total of £17.7 million owed by 7 companies, £12.4m of this is owed by one company, Together Energy which doesn't look good news.
£12.4M owing!!!!!!!! - Together Energy may be the next to fail, unless they get bailed out again by Warrington Borough Council of course.
If I was a resident of Warrington, I'd really be more than a little concerned to find that my council tax and business rates were being used to keep afloat an energy company in Scotland.
Where's the governance here? If Warrington Borough Council end up spending millions of council taxpayer money to fund an energy company there could be a lot of unhappy people.
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