Financial Times FT.com

Ofgem wants powers to probe grid use

By Ed Crooks, Energy Editor

Published: March 30 2009 02:26 | Last updated: March 30 2009 02:26

Ofgem, the energy regulator, is seeking new powers to investigate and fine electricity companies for market abuse to address growing concerns that generators are exploiting weaknesses in the system to push up prices.

In a consultation paper published on Monday, Ofgem warns that the need to manage the electricity grid makes it possible for generators to push up wholesale prices.

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