Ofgem orders energy supplier to immediately provide financial information on its activities

UK Energy Incubator Hub could lose its licence if it failed to comply, the regulator has said

Ofgem has ordered UK Energy Incubator Hub Ltd, formerly known as Euston Energy, to “immediately provide” financial and other information related to the company’s activities.

The regulator said the company, which is a domestic supplier with nearly 3,000 customers must urgently disclose this information.

The supplier operates under two brands, Northumbria Energy and Neo Energy.

Ofgem said failure to provide the information would mean a breach of the company’s licence conditions, which all suppliers in the market are required to comply with.

It may also result in further enforcement action which could include UK Energy Incubator Hub Ltd being stripped of its licence to operate in the market.

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