UK Wind Farm to Pay £5.5 Million for Breaching Market Rules - Bloomberg
UK Wind Farm to Pay £5.5 Million for Breaching Market Rules - Bloomberg
UK Wind Farm to Pay £5.5 Million for Breaching Market Rules
- DWL charged excessively to curtail output, Ofgem determines
- Bloomberg report previously found wind farms have overcharged
UK energy regulator Ofgem ordered a wind farm in Scotland to pay £5.53 million for breaching energy market rules.
Dorenell Windfarm Ltd., charged excessive prices to curb output to keep the grid balanced, which “pushed up costs for consumers,” Ofgem said in a statement.
Related Knowledge Center: ENERGY BASICS: wind
Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent.