Energy supplier to “immediately provide” financial info.
Ofgem has arranged UK Energy Incubator Hub Ltd, once known as Euston Energy, to urgently supply financial and other info associated to the company’s activities.
The regulator stated the company, which is a domestic supplier with nearly 3,000 customers must urgently reveal this information.
The supplier works under 2 brands, Northumbria Energy and Neo Energy.
Ofgem stated failure to implement the information would most certainly mean a violation of the company’s licence conditions, which every supplier in the market is required to abide by.
This may further conclude in added enforcement process which could include UK Energy Incubator Hub Ltd being stripped of its licence to operate in the market.
Energy supplier to “immediately provide” financial info.
