Basic Search  |  Summaries  |  Advanced SearchPenalty: £12,500,000
Year: 2021
Date: 23 November, 2021
Offence Group: competition-related offences
Offence Type: energy market violation
Violation Description: PayPoint agreed to pay £12.5 million to Ofgem's Energy Industry Voluntary Redress Scheme following and investigation into whether the company had abused a dominant position by using exclusivity clauses in its contracts with energy suppliers and retailers in a way that was likely to restrict or distort competition in the market for the provision of over-the-counter (OTC) energy prepayment services which may have constituted an abuse of a dominant position and a breach of Chapter II of the Competition Act.
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: financial services
Specific Industry of Parent: online payments
Source of Data: (click here)