The Office of Gas and Electricity Markets Ofgem, the UK's energy market regulator,has opened an investigationinto an unnamed company for alleged abuse of dominant position
The Office of Gas and Electricity Markets Ofgem, the UK’s energy market regulator, has opened an investigation into an unnamed company for alleged abuse of dominant position. “The opening of this investigation does not imply we have made any findings about whether there has been an infringement of competition law,” said Ofgem, which is investigating via its Gas and Electricity Markets Authority GEMA.
At the end of last year, a company owned by UK-based supermajor Shell was fined by the energy regulator, weeks after the communications regulator also fined part of the customer-facing part of the group. Hudson Energy Supply HES, a non-domestic market energy supplier which Shell had bought in 2019, was fined with $2 million £1.6 million after Ofgem found it “failed its customers by failing to comply with a number of important licence conditions.
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