GOOD ENERGY has agreed to refund owners of renewable generators after imposing unauthorised charges on them, the energy watchdog announced yesterday.

Ofgem announced the challenger supplier will cough up £453,000 to pay back all feed-in-tariff (FIT) generators which faced an unapproved £25 per quarter fee. It will also compensate the FIT generators with a further goodwill payment totalling £200,000.

FIT generators are holders of accredited installations involved in low-carbon electricity generation, under the government's FIT Scheme introduced on 1 April 2010. However, the unauthorised administration costs meant they received lower payment sums from Good Energy than they were entitled to.

Good Energy's business model is based around the FIT scheme and procuring electricity and energy from 182,000 FIT generators.

Good Energy boss Nigel Pocklington said: "We are no longer applying this charge and have contacted all affected customers to inform them of their refunds."

(c) 2022 City A.M., source Newspaper