Gas and Electricity Markets Authority v GB Energy Supply Ltd: ChD 21 Dec 2016

Application brought by the claimant, the Gas and Electricity Markets Authority acting through the officials of OFGEM for a declaration that the defendant company GB Energy Supply Ltd is unable to pay its debts and therefore conditions in the relevant Electricity Supply Licence and Gas Supply Licence, whereby GEMA authorises the defendant to operate as a gas and electricity supplier in the UK, are satisfied. If those conditions are satisfied then under the terms of the relevant licences GEMA can revoke the supply licences and appoint another energy supplier as a Supplier of Last Resort.

Birss J
[2016] EWHC 3341 (Ch)
England and Wales

Utilities, Insolvency

Updated: 27 January 2022; Ref: scu.572752