Sep 3, 2020
SSE fined £2m by Ofgem over 'inside information'
Energy supplier SSE has been fined £2.06m by the regulator Ofgem for failing to publish inside information about the wholesale energy market. SSE failed to publish timely information about future availability of its generation capacity, Ofgem said. The fine relates to delays in disclosing a deal that SSE struck with National Grid in March 2016. SSE had said that its three generating units at its Fiddler's Ferry power station were likely to close the following month. "The agreement was likely to have a significant effect on wholesale prices, and was therefore inside information," Ofgem added.
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