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Violation Tracker UK Individual Case

Company: Drax Pumped Storage Limited
Current Parent CompanyDrax Group PLC
Parent at the Time of the Penalty Announcement: Drax Group PLC
Penalty: £6,120,000
Year: 2023
Date: 13 January, 2023
Offence Group: competition-related offences
Offence Type: energy market violation
Violation Description: Drax agreed to pay £6.12 million to the Voluntary Energy Redress Fund after admitting to securing excessive Balancing Mechanism payments through expensive bids.
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)