On 31st January, Ofgem issued final guidelines for
its proposed licence condition to prevent abuse of the wholesale
electricity market by generators. The guidelines have been amended
following a period of consultation with the industry and other
interested parties.
The guidelines are being issued to help generators
understand how Ofgem will enforce the new condition. The documents
set out examples of abusive and non abusive behaviour and the
procedures Ofgem will follow when investigating possible market
abuse.
The seven generators who will initially be covered
by the licence condition were chosen on the basis of their share of
total output and their ability to set prices in the electricity
pool. The generators are: National Power, PowerGen, TXU Europe,
Edison Mission Energy, British Energy, Magnox and AES.
(Ofgem Press Release R/9)