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EDF fined £2 million by Ofgem

UK energy regulator Ofgem has fined French utility giant EDF £2 million after ruling that the company was too slow in making connection offers to its electricity network to over 100 customers. Despite a number of warnings from Ofgem the company was issued with the significant fine with some cases in question going back to 2006.

There has been concern for some time that overseas companies have become too prominent in the UK energy market and the problems with the EDF, which also include the recent loss of power to 100,000 London residents which lasted for days, have added fuel to this fire. Despite the fact that EDF does appear to have improved its services since the problems relating to the fine, the government has yet again come under attack for allowing overseas companies to be so influential in the UK energy market.

While there is no doubt that the likes of EDF are very powerful and financially strong it is also worth remembering that the French government has laws in place which block overseas companies having access to domestic energy companies. Many people had hoped that the UK government would instigate such a ruling in this country but the ever-increasing cost of gas, electric and water shows that whatever is in place is not working.

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