Ofgem: Companies Pay GBP10.5 Million for Aug. 9 Power Cut
January 03 2020 - 4:09AM
Dow Jones News
By Ian Walker
U.K. energy regulator Ofgem said Friday that power companies
have agreed to pay a 10.5 million pound ($13.8 million) redress
following power cuts last August, and that it has identified issues
surrounding National Grid Electricity System Operator's management
of the system.
The regulator said that Hornsea One Ltd. and RWE AG (RWE.XE)
have agreed to pay out GBP4.5 million for not remaining connected
after a lightning strike that caused interruptions to consumers'
energy and significant disruption to commuters.
However, U.K. Power Networks, which began reconnecting customers
without being asked to by the National Grid Electricity System
Operator, will pay GBP1.5 million, Ofgem said.
Ofgem said that it will accelerate its planned review of
National Grid Electricity System Operator's structure and
governance.
"Our investigation has raised important questions about National
Grid's Electricity System Operator, which is why our review will
look at the structure and governance of the company," Ofgem
Executive Director Jonathan Brearley said.
Write to Ian walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 03, 2020 03:54 ET (08:54 GMT)
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