Ofgem, the National regulatory Authority of Great Britain, today announced a settlement of 6 million pounds for an alleged inadvertent infringement of REMIT Article 5 relating to the Carrington asset owned by ESB Independent Generation Trading Limited. The notice can be found here. The settlement relates to the Stability Export Limit (SEL) value submitted to the operator and the allegation that it did not reflect “the expected true operating characteristics of the Balancing Mechanism Unit.”

The incidents in question occurred from March 2019 to September 2020. In September 2020, Ofgem published this open letter stating around the setting of such “dynamic parameters” (also see here). The letter followed a fine of 37.2 million GBP levied in April 2020 (see here). A settlement of 6M GBP was reached with another market participant in December 2020 for a similar allegation (see here).

As seen in yesterday’s post (see here), the trend towards tougher enforcement continues.