Basic Search  |  Summaries  |  Advanced SearchPenalty: £25,000,000
Year: 2015
Date: 16 March, 2015
Offence Group: competition-related offences
Offence Type: energy market violation
Violation Description: Drax agreed to pay a penalty of £5 million and £20 million consumer redress to National Energy Action (with the objective of promoting energy efficiency, alleviating fuel poverty, and reducing carbon emissions) in settlement of a finding by Ofgem that the compay failed to achieve its carbon emissions reduction obligations of promoting carbon reduction actions by domestic energy users in low income areas.
Action Type: agency action
Settlement Type: settlement with Ofgem
Agency: Office of Gas and Electricity Markets
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: utilities and power generation
Specific Industry of Parent: power generation
Source of Data: (click here)