Ofgem is proceeding with proposals to introduce a new licence condition to prevent generators in the Balancing Mechanism from obtaining “excessive” profits by first signalling their intention to cease generating and then raising their prices to remain on. The move comes after parallel investigations by National Grid Electricity System Operator and Ofgem found instances of what the regulator described as “immoderate” behaviour over the winter of 2020/21,
New generation licence condition to stop ‘excessive’ balancing profits
