Daniel Křetínský-owned power plant must pay £23m for charging excessive payments
by Jillian Ambrose Energy correspondent from World news | The Guardian on (#6FHSA)
Regulator found Czech tycoon's South Humber Bank raised prices when operator was likely to pay plants to stop generating power
The power company owned by the Czech billionaire Daniel Ketinsky has been ordered to pay 23m after the energy watchdog found that it unfairly demanded excessive payments for one of the UK's biggest power stations, increasing customers' energy bills.
Ofgem ruled that the company's energy traders violated market rules by demanding a higher price to turn down the South Humber Bank gas plant in Lincolnshire to earn excessive payments from the energy system operator, heaping higher prices on to consumers.
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