Ofgem, the National Regulatory Authority for Great Britain, announced today that EDF Energy Thermal Generation has agreed to pay 6 million GBP for a possible REMIT breach, as well as a breach of the Grid Code. The announcement can be found here. It is stated in the notice that EDF ETG admitted an inadvertent breach and has agreed to pay £6 million into Ofgem’s voluntary redress fund. It is stated that EDF fully cooperated with the regulator throughout its review. It is also stated in the notice that Ofgem concluded that there is no merit in opening a formal investigation to the company’s admissions, the steps it has taken to prevent any future reoccurrence, and the redress that it has agreed to pay. It was found that EDF ETG had set the Stability Export Limit (SEL) at a value not reflected by physical constraints, over a period from September 2017 to March 2020. Ofgem issued an open letter on the use of dynamic parameters for commercial purposes in September (see here). A fine of 37.2 million GBP was levied in April for a breach of REMIT Article 5 also relating to the setting of the SEL (see here).
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Source: CTRM Center