SSE to pay £9.8m penalty for licence breach

Ofgem said a detailed investigation found that the FTSE 100 company’s generation arm overcharged the National Grid Electricity System Operator during a time of so-called transmission constraint.

The electricity system operator takes action to manage flows across the network to increase and decrease the amount of electricity produced by different generators. Ofgem’s probe, which was launched in October 2021, found that SSE made the bid prices it charged the electricity system operator to lower output from the Foyers pumped storage power station in North Ayrshire,Ofgem said that, while there was no evidence to suggest the actions were deliberate, it found that SSE breached the rules in place.

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.

Ukraine's Energy Sector Surges Despite Adversities | OilPrice.comAfter halting electricity exports due to Russian airstrikes, Ukraine has reported a surplus of power despite 60 percent of its electricity generation being affected.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Mexico’s Energy Conundrum: AMLO’s Nationalization Plans Face Scrutiny | OilPrice.comThe launch of Pemex's new Olmeca refinery is likely to be delayed again, according to an internal audit report, further complicating President AMLO's plan to decrease reliance on foreign oil supplies and achieve fuel independence by 2024.
Source: OilandEnergy - 🏆 34. / 68 Read more »