fbpx

Call South Office: 01256643634
Call North Office: 01642888814

Energy4 Still Operating During Covid-19

Nabuh Energy Limited

Call: 01642888816
Call: 01642888814​

Nabuh Energy Limited

Nabuh Energy Limited

Nabuh Energy Limited – Notice of revocation of an electricity supply licence

Call us on 01256643634 – South Office & 01642888814 – North Office to get a energy quote. Guaranteed good quotes to all our business customers, saving you money

Switch From Nabuh Energy Limited Call Back Form

Please complete the following Call Back Form to allow Energy4 to provide switch quote today

Get In Touch

Opening Hours: 8:00 – 17:00 Mon to Friday

Call Energy4 Today For A Quote

01256643634 – South Office

01642888814 – North Office

Email: contact@energy4.co.uk

Location: 25 Hartley Meadow, Whitchurch, Hampshire, RG28 7BW

Contract Form: Contact Energy4 today – click here

 

Please provide the best date and time of day that we should contact you.

By submitting your details you agree to Energy4 T&C’s and Privacy Policy

P Notice of Revocation and Reasons for Decision

Nabuh Energy Limited – Notice of revocation of an electricity supply licence | Ofgem

1. Nabuh Energy Limited (company registration number 09812753), having its registered office at 2 Pinfold Street, Sheffield S1 2GU (‘Nabuh’) is the holder of an Electricity Licence (‘the Licence’) granted or treated as granted under section 6 of the electricity Act 1989 (‘the Act’).

2. Section 6(8) of the Act provides that a licence granted or treated as granted under the Act may be revoked in accordance with any term contained in it.

3. Schedule 2(1)(f)(i) to the Licence provides that the Gas and Electricity Markets Authority (’the Authority’) may at any time revoke the Licence on giving not less than 24 hours notice where it is unable to pay its debt (within the meaning of section 123(1) or (2) of the Insolvency Act 1986)

4. On 20 October 2020 the Authority, pursuant to section 25(1) of the Electricity Act 1989, made a Final Order requiring Nabuh to make a payment of £2,683,631.70, plus accrued interest by no later than 31 October 2020 to the Authority in full settlement of its Renewable Obligation for the obligation period of 1 April 2019 to 31 March 2020.

5. On 18 November 2020, the Authority, a creditor, served a statutory written demand under section 123(1)(a) of the Insolvency Act 1986 for the sum of £2,683,631.70, Schedule 2(2) to the Licence extends the limit set in s.123(1)(a) to £100,000. Nabuh was unable to pay the full amount within the three weeks allowed by s.123(a)

6. Accordingly, the Authority deems that under the terms of section 123(1)(a) of the Insolvency Act 1986

a. Nabuh is unable to pay its debt (within the meaning of section 123(1)(a) of the Insolvency Act 1986).

b. therefore, the condition, as set out in schedule 2(1)(f)(i) of the Licence is satisfied.

7. The Authority notes that the sums have not been fully discharged and that Nabuh has not contested the statutory demand.

8. For the following reasons, the Authority has decided that, in order to protect the interests of consumers, it is appropriate to give notice to revoke the licence in accordance with Schedule 2(1)(f)(i) of the Licence:

a. given that Nabuh is unable to pay its debts, the Authority is not satisfied that the company will be able to continue to provide or otherwise procure the services necessary for supplying electricity to its customers or to pay charges under the industry arrangements;

b. Nabuh are not active in the market having sold their customer book to Centrica, accordingly there is no need for the Authority to appoint a Supplier of Last Resort.

9. The Authority hereby gives notice that, unless the Authority otherwise directs, with effect from 00:01 on 18 September the licence shall be revoked.

Charles Hargreaves

Duly authorised on behalf of the Gas and Electricity Markets Authority

17 September 2021

 

Nabuh Energy Limited Nabuh Energy Limited Nabuh Energy Limited Nabuh Energy Limited Nabuh Energy Limited

Switch quote for business utility online made easy with Energy4

 Switch quote for your business involves many areas, including Credit Checks.
First switch quote will involve the following;
 

Provide the following information to Energy4

  • Provide your business address
  • The current name of your Supplier
  • Annual Consumption (kW)
  • Business registration (Private Limited, Sole-trader, PLC)
 

Complete Letter Of Authority (LOA)

Energy4 will provide a Letter Of Authority (LOA) for the business owner to complete, and return. Please complete and return to Energy4.
As mandated by Ofgem, due to the commercial, energy consumption, financial, and business implications involved, aN LOA is required.
 
 

Contract End Date (CED)

Switch utility contracts or renewing contracts requires the contract-end-date. Located on your business utility bill, your signed agreement, or from your utility provider when switch energy Supplier
 
 

Termination notice period

Switch utility contracts or renewing contracts is possible with an application made before the Termination notice period. Changing energy supplier or renewed contracts when the termination notice period has been missed will result in a site being moved onto out-of-contract rates for the period specified below. Switch business sites to another energy supplier, or renewed.

Contract Energy4 for further information

  • HAVEN – 120 DAYS
  • GAZPROM – 30 DAYS
  • TOTAL – 90 DAYS
  • CNG – 90 DAYS
  • SCOTTISH POWER – 30 DAYS
  • NPOWER – 60 DAYS
  • CORONA ENERGY – 60 DAYS
  • CROWN – 30 DAYS
  • SSE – 30 DAYS
  • EDF – 30 DAYS
  • DONG ENERGY – 30 DAYS
  • BG – 90 DAYS
  • EON – 90 DAYS
  • HUDSON – NO TERMINATION NEEDED
  • OPUS – 90 DAYS
  • DUAL ENERGY – 28 DAYS
  • YGP – 90 DAYS

Switch quote from Energy4

Energy4 will provide a switch quote for your utilities from the entire market, showing the best-priced utility down to the most expensive available.
Energy quote from Energy4 compares Suppliers, tariffs, from the lowest priced, customer satisfaction scores, to green energy tariffs, fixed deals, and exit fee requirements.
 
 

Switch energy supplier or renew present supplier

Once the business owner has decided to switch the present Supplier or renew energy supplier, business credit reviewed as each Supplier has requirements. The contract confirmed with payment details provided.  Paying by Direct Debit can usually save money. 

Energy4 will then forward to the business owner a copy of the energy contract to be completed. Energy contract completed, and a copy returned to Energy4.

Contract Energy4 for further information

Energy contract submitted

Completed energy contract is submitted to the selected utility provider.
Business owner retains the original energy contract.
Prices locked in, and contract processed.
 

Contract Energy4 for further information

Energy contract processed

The energy Supplier will notify Energy4 of the processing of the energy contract.

Contract Energy4 for further information

Previous energy supplier can reject the transfer

Previous energy supplier can reject the transfer by;
– Objection to the Letter of Authority
– Business owner is already in a contract and is not free to leave when the new energy Supplier is applying to take the supply
– Business owner has debts or unpaid bills on their account before the new energy Supplier applies to take the supply
– The new energy supplier is applying for the incorrect transfer date
– Business owner is applying for a Change-of-tenancy (COT), and the new energy Supplier is attempting to take the supply before the COT is logged.
 

New energy supplier can reject the contract

New energy supplier can reject the contract by;

– Objection to the Letter of Authority
– Business owner is already in a contract and is not free to leave when the incoming Supplier is applying to take the supply
– Business owner has debts or unpaid bills on their account before the new energy Supplier applies to take the supply
– The new energy Supplier is applying for the incorrect transfer date
– Business owner is applying for a Change-of-tenancy (COT), and the new energy Supplier is attempting to take the supply before the COT is logged 

Confirm switch of energy supplier

The Supplier will notify both the business owner and Energy4 of the switch, and activation of the new contract.
 
 
 

Provide the following information to Energy4

Contract End Date (CED) 
 
 

Termination notice period

Termination by the Telegraph
Ofgem explains Termination

 

Energy quote from Energy4

Telegraph explains
Which Magazine advice
Citizen Advice Bureau discusses

Energy contract submitted
 
 

Confirm switch of energy supplier or renew present supplier

 
PfP Energy PfP Energy PfP Energy PfP Energy PfP Energy PfP Energy
Switch
Social media & sharing icons powered by UltimatelySocial