UK energy regulator Ofgem has extended its annual fuel mix disclosure (FMD) deadline for electricity suppliers to 22 July from the previous 1 July, owing to ongoing technological issues with its new Renewable Electricity Register, according to renewable energy guarantees of origin (Rego) market participants citing letters they received from Ofgem.
UK suppliers typically must disclose by 1 July each year the mix of fuels they have used to generate the electricity they provide to customers during the compliance period — which runs from April to March. Regos prove that the electricity came from renewable energy sources and suppliers must hold this evidence in their accounts by the deadline.
Ofgem launched a new electronic registry in May, but ongoing technological issues have prevented some counterparties from receiving their Regos in time to meet the deadline, market participants said. Thus, Ofgem pushed the deadline back to 22 July.
Ofgem has been contacted for comment but has not yet confirmed this decision.
Non-biomass Regos from the previous compliance period (CP23), which can be redeemed until the FMD deadline, have climbed by £0.40/MWh in the past two weeks, according to Argus assessments, with demand having kept steady at a time when most volumes have already found buyers. Argus last assessed the contract at £0.50/MWh on 26 June.
