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‘61% of Brits to switch suppliers after high bills’
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The requirement mandates suppliers to protect their RO by holding ROCs or preserving funds equivalent to the buy-out price of their obligation
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Ofgem said the supplier must make the necessary payment immediately or face further action
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Ofgem said the supplier could lose its licence if the Renewables Obligation payments are not made
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Under the Renewables Obligation scheme, suppliers are required to demonstrate they have sourced enough electricity from renewable sources or pay into a buy-out fund
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