Council backed Together Energy given until end of January to pay £12.4m Renewables Obligations

ENERGY supplier Together Energy has been given to the end of January to pay £12.4 in unpaid Renewables Obligations, while Warrington Borough Council says it has not loaned any more money to the company it has a 50 pc stake in.

A *charge code between Together Energy and the borough council was registered at Companies House On December 1st, involving a sum of £4m.

A Warrington Borough Council spokesman said: “While it would not be appropriate to provide detailed information of our agreement with Together Energy due to commercial confidentiality, we can confirm that we have not increased our loans to the company.

“OFGEM have given Together Energy until the end of January to make the payment.”

Opposition Tory spokesman Cllr Ken Critchley, who will be seeking further information on the council’s investment in Together Energy said: “Our consistent message has been Together Energy is a failing investment that the council should not be lending any more public money to.”

At the end of October energy regulator Ofgem ordered the part council-owned company to repay nearly £12.5m in unpaid Renewables Obligations, or face the prospect of having its licence revoked.

Together Energy, which has offices in Warrington following a multi-million-pound investment by Warrington Borough Council for 50 percent of the company, was named as one of seven suppliers owing money.

At the time the council said it was “carefully monitoring” the situation but remained satisfied the non-payment of a £12.4m Renewables Obligations by the energy provider was “in the best interest of the company.”

* A ‘charge’ is the security a company gives for a loan. If a charge is not registered within 21 days, it may be difficult to recover the debt if the company becomes insolvent. The 21 days start the day after the charge is created.