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UK: Kistos completes acquisition of UK onshore gas storage assets
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UK: Kistos acquires UK onshore gas storage assets from EDF Energy
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Kistos to acquire EDF Energy s gas storage arm for £25m
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UK Energy Regulator Hits EDF Energy With GBP6 Million Fine
Wed, 16th Dec 2020 22:01
(Alliance News) - UK Ofgem says Wednesday EDF Energy s Thermal Generation unit agrees to pay GBP6 million for breaching wholesale energy market regulations.
The watchdog says from September 2017 to March 2020, EDF Energy Thermal Generation regularly sent misleading signals to the National Grid Electricity System Operator about the capabilities of its generation plant.
The energy regulator found that for more than two years, EDF ETG frequently inflated the minimum amount of power - known as the Stable Export Limit - that it said its West Burton B (WBB) generator plant could supply.
These actions meant that EDF breached its electricity generation licence obligations.
EDF admitted to an “inadvertent breach” of regulations and agreed to pay £6 million into Ofgem’s voluntary redress fund.
Ofgem said that the supplier fully co-operated with it throughout the review process.
Cathryn Scott at Ofgem said: “This case further demonstrates Ofgem’s commitment to monitoring wholesale energy markets in Great Britain and ensuring their integrity on behalf of consumers.
“Ofgem’s enforcement action sends a strong signal to all energy market participants that they must submit accurate data to the ESO.
“If they don’t, we have the powers to intervene and we are ready to use them.”