Big energy companies hit with $35m in penalties

Fairfax

“When we see customers not receiving the required protections, we act decisively, using all of our compliance and enforcement tools,” she said.“This type of action not only addresses conduct of concern by one business, it sends an important message to others about the importance of compliance with the law.”

EA admitted it had failed to register thousands of life support customers and failed to notify energy distributors as soon as possible about the customers’ use of life support equipment. The breaches occurred over a number of years from 2018.There were also a total of $5.5 million in penalties for technical breaches of national electricity rules during the 2016 “black system” event in South Australia when the state was cut off from the National Electricity Market.

The proceedings came after an AER investigation into the circumstances of the black system event in SA, which resulted in the loss of power to 840,000 customers in September 2016.French company Neoen – which owns SA’s big battery, the 150-megawatt Hornsdale Power Reserve – was hit with $900,000 in penalties for being paid in 2019 for market ancillary services to help keep the grid stable that it was unable to deliver after a frequency disturbance.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Leaked: US power companies secretly spending millions to protect profits and fight clean energyOne industry consulting firm has influenced politics across Florida, Alabama and at least six other states . The cause of environmental destruction is the psychology of those in decision-making roles. Research spending in psychology and neuroscience needs to prioritize effective diagnosis and interventions, with in-depths comparisons between those who care and those who don't. . Maenwhile in Germany....
Source: GuardianAus - 🏆 1. / 98 Read more »