Ofgem has ordered URE Energy to pay more than £209,000 by the end of March for failing to pay into a fund when it did not source enough renewable energy.

The regulator has issued the energy supplier with a final order following a 21-day consultation period.

Under the Renewables Obligation (RO) scheme, energy companies that don’t source the required proportion of electricity from renewable sources have to pay into a buy-out fund administered by Ofgem.

URE Energy failed to meet its RO and pay into the fund by 1st September 2018 or into the late payment fund by 31st October 2018.

The supplier owes a total of £209,013.78 in relation to its RO, which consists of £207,024.36 due by 1st September and a late payment interest of £1,989.42.

The full amount must now be paid by no later than 31st March 2019 but if URE Energy fails to make the payment, Ofgem could take further enforcement action.