Dec 16, 2020
EDF Energy pays £6m for breach of energy market rules
UK utility EDF Energy has agreed to pay £6m after the regulator found it "Frequently inflated" the minimum amount of power one of its plants was able to supply to the National Grid, resulting in more energy being purchased than was needed. Ofgem, Britain's energy market regulator, said that the breaches at the West Burton B gas-fired plant in Nottinghamshire occurred between September 2017 and March this year. The payment is the third-biggest fine or settlement with an energy company this year after InterGen paid a total of £37m in April over energy market abuse and Ovo Energy, Britain's third biggest supplier, in January agreed to hand over £8.9m for issuing customers with "Inaccurate" or "Incomplete" information over five years. Cathryn Scott, director of enforcement and emerging issues at Ofgem, said the action against EDF Energy, the UK arm of the French utility, would send "a strong signal to all energy market participants that they must submit accurate data". EDF Energy said the breach was "Inadvertent".
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