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Ofgem is probing two companies to find out if they overcharged the grid to lower their production levels.
The energy regulator said it was looking into whether EP SHB, which owns the South Humber Bank gas power plant, and SSE Generation broke the terms of their licences in a way that could have ultimately pushed up household energy bills.
A key part of ensuring that the lights stay on across Britain is to balance the grid.
This means it is important that power plants do not generate more electricity than households and businesses use at any given point, and vice versa.
To do this the grid can ask electricity generators to stop producing, or reduce the amount of electricity they are putting into the grid.
In return the grid will often pay these producers to turn off or reduce their production.
Published: by Radio NewsHub
Plans have been announced for major changes to its supply chain in the next three years McDonald’s will open its first “net-zero” store in the UK next month, while announcing plans to slash emissions across the country by 2040. The fast food chain said it will reach net zero – meaning it emits no more greenhouse gases than it absorbs through its business – across the world by the middle […]
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