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Violation Tracker UK Individual Case
Company: GDF Suez/IPM
Current Parent Company:
Engie
Parent at the Time of the Penalty Announcement: Engie
Recap of Ownership Changes: GDF Suez changed its name to Engie in 2015
Penalty: £450,000
Year: 2015
Date: 5 March, 2015
Offence Group: competition-related offences
Offence Type: energy market violation
Violation Description: GDF Suez/IPM subsidiaries Saltend Cogeneration Company Limited and Deeside Power Limited each paid a £1 penalty and GDF Suez/IPM paid £449,998 consumer redress to Age UK in settlement of a finding by Ofgem that the companies failed to achieve their 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: France
Ownership Structure of Parent: publicly traded
Major Industry of Parent: utilities and power generation
Specific Industry of Parent: utilities
Source of Data:
(click here)
