Basic Search  |  Summaries  |  Advanced SearchPenalty: £2,060,000
Year: 2020
Date: 3 September, 2020
Offence Group: competition-related offences
Offence Type: energy market violation
Violation Description: SSE was fined £2.06 million in a finding by Ofgem that the company breached legal requirements on the publication of inside information because it made the wrong decision about whether it was in possession of inside information. and ailed to publish, in a timely manner, information about the future availability of its generation capacity that was likely to have had a significant effect on forward wholesale electricity prices.
Settlement Type: Agreement to pay reduced fee for early resolution
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)