(RockedBuzz via Reuters) – British energy regulator Ofgem said on Tuesday SSE Generation would pay £9.8 million ($12.2 million) for breaching its license after it obtained overpayments from the National Grid Electricity System Operator for reducing electricity Foyers Power Plant production.
The decision followed months of investigations, Ofgem said, adding that any objections to the regulator’s proposal must be lodged by June 27. Ofgem had started the investigation in October 2021.
The Watchdog said it had seen no evidence to suggest the breach was deliberate, but found SSE changed its pricing strategy for the Foyers storage power station knowing the overhaul would breach licensing terms. .
SSE cooperated with the investigation and expressed its willingness to resolve the case, Ofgem said.
SSE did not immediately respond to a RockedBuzz via Reuters request for comment.
($1 = 0.8034 pounds)
(Reporting by Aby Jose Koilparambil in Bangalore; Editing by Dhanya Ann Thoppil)