![]() 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 (with effect from 00:01 on 28 November 2018) in accordance with schedule 2(1)(f)(i) of the Licence:ĥ.1. On 26 November 2018, the Court issued an order making a declaration to the effect set out in paragraph 3 above and, therefore, the Authority is satisfied that Schedule 2(1)(f)(i) of the Licence applies.ĥ. therefore the condition, as set out in Schedule 2(1)(f)(i) of the Licence is satisfied.Ĥ. Spark is unable to pay its debts (within the meaning of section 123(1)(e) of the Insolvency Act 1986) andģ.2. On 23 November 2018, the Authority made an application to the Chancery Division of the High Court (the “Court”) under Part 8 of the Civil Procedure Rules for a declaration to the effect that:ģ.1. 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 debts (within the meaning of section 123(1) or (2) of the Insolvency Act 1986).ģ. 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.Ģ. Spark Energy Supply Limited (company registration number 05857467), having its registered office at Regent House, 316 Beulah Hill Upper Norwood, London, SE19 3HF (“Spark”), is the holder of an Electricity Supply Licence (the “Licence”) granted or treated as granted under Section 6(1)(d) of the Electricity Act 1989 (the “Act”).ġ. ![]() Notice of Revocation and Reasons for Decision
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