U.K.'s Competition Authority Rejects SSE, EDF Appeal Over Charges
By Ian Walker
The U.K. Competition and Markets Authority said Monday that it has dismissed an appeal by SSE Generation Ltd. and EDF Energy (Thermal Generation) Ltd. against a decision by the industry regulator Ofgem.
Ofgem rejected a request from SSE last November to change industry rules such that generators would have received a 120 million-pound ($168.4 million) rebate from National Grid. The rejection hinged on whether connections between offshore wind farms and the onshore grid are excluded from an EU cap on transmission charges.
Ofgem said they were excluded, which means the cap wasn't breached and no rebate is due.
SSE and EDF appealed to the CMA, which on Monday said there was an exclusion, and therefore there wasn't a breach of the cap in 2015-16, the period under dispute. It said Ofgem was entitled to reject the modification request.
Write to Ian Walker at email@example.com; @IanWalk40289749
(END) Dow Jones Newswires
February 26, 2018 03:18 ET (08:18 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.