Skip navigation

Gloucestershire Business News

EDF makes £6m payment for breach of reporting rules

EDF Energy has agreed to pay a £6million fine for breaching roles concerning how it reported its power plant availability.

Regulator Ofgem said monitoring had found the French firm, which has a base in Barnwood, had inflated the minimum amount of power it could supply from its West Burton B plant in Yorkshire from September 2017 to March 2020 at times when it was not planning to generate electricity.

Ofgem said EDF's thermal generation unit "regularly sent misleading signals to the National Grid electricity system operator".

EDF admitted the breach of regulations and agreed to make the £6million payment with Ofgem deciding there was "no merit in opening a formal investigation".

Saying the company took the issue "extremely seriously", a company statement said: "Although the breach was inadvertent, we should have done better."

Ofgem director Cathryn Scott said: "Ofgem's enforcement action sends a strong signal to all energy market participants that they must submit accurate data. If they don't, we have the powers to intervene and we are ready to use them."

Related Articles

VIDEO: Last piece of Gloucester Quays for sale Image

VIDEO: Last piece of Gloucester Quays for sale

Gloucester-based Numold is to sell its canalside property in the middle of Gloucester Quays after 30 years.

GE Aerospace sees orders and profits soar Image

GE Aerospace sees orders and profits soar

GE Aerospace has raised its full-year profit guidance after releasing its first quarter financial results.

Auction: 11 retail units for sale in Cheltenham Image

Auction: 11 retail units for sale in Cheltenham

Winchcombe Street shops go under the hammer.

Decathlon extends sustainable sport gear scheme Image

Decathlon extends sustainable sport gear scheme

Sports retailer, Decathlon, has expanded its sports gear buyback scheme.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.