UK energy regulator Ofgem has announced that EDF Energy has agreed to pay a £6 million fine for breaching British energy market reporting rules regarding its power plant availability.
Doug Stewart, Chief Executive of Green Energy UK
When five former energy regulators, including Professor Stephen Littlechild, and the electricity regulator for the 10 years post-privatisation, are questioning the regulation of the energy market (as they did in 2015 as part of the CMA Inquiry), I tend to listen and take stock. Littlechild & Co said it was time to dial-down the level of regulation in the UK energy sector. Whereas there’s a body of opinion, among consumer groups, some politicans and sections of the press who would suggest that even more regulation is required. In my world, I’d call it intervention.