ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

RWEOY Rwe Ag (PK)

30.16
0.00 (0.00%)
09 Jan 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Rwe Ag (PK) USOTC:RWEOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 30.16 30.16 30.16 0.00 00:00:00

Ofgem Launches Investigation Into Aug. 9 Power Cuts

20/08/2019 8:10am

Dow Jones News


Rwe (PK) (USOTC:RWEOY)
Historical Stock Chart


From Jan 2020 to Jan 2025

Click Here for more Rwe (PK) Charts.
   By Ian Walker 
 

U.K. energy regulator Ofgem said Tuesday that it has launched an investigation into the Aug. 9 power cuts that brought large parts of the U.K. to a standstill.

The regulator said that it will investigate whether the parties involved breached their license conditions. It added that while the investigation doesn't indicate that any noncompliance issues have been found, enforcement action could follow if any are discovered.

Parties involved include National Grid ESO, National Grid Electricity Transmission, 12 distribution network operators in England and Wales, as well as generators RWE Generation (Little Barford Power station) and Orsted (Hornsea).

Ofgem said it is also liaising with the rail regulator and will be engaging with rail authorities to understand better why the drop in frequency on the energy network led to disruption for passengers.

"The power cuts of Friday Aug. 9 caused interruptions to consumers' energy and significant disruption to commuters. It's important that the industry takes all possible steps to prevent this happening again," Ofgem's Executive Director of Systems and Networks Jonathan Brearley said.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

August 20, 2019 02:55 ET (06:55 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Rwe (PK) Chart

1 Year Rwe (PK) Chart

1 Month Rwe (PK) Chart

1 Month Rwe (PK) Chart

Your Recent History

Delayed Upgrade Clock