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Energi Danmark pays fine for manipulation with the electricity market

Dato: 07.12.2018 ·

The energy company Energi Danmark A/S has accepted to pay a fine for on ten counts having manipulated on a part of the Nordic wholesale energy market for electricity in 2015.

The State Prosecutor for Serious Economic and International Crime has charged Energi Danmark A/S with a fine of 750,000 DKK (approximately 100,000 euros). Energi Danmark A/S has accepted the fine, and thus, the case has been brought to a close.

In addition, the State Prosecutor for Serious Economic and International Crime has confiscated the revenue obtained through the 10 counts of market manipulation. The revenue amounts to 354,000 DKK (approximately 47,000 euros).

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Background 

Read the fixed penalty-notice issued by the State Prosecutor for Serious Economic and International Crime (in Danish)

Read the Danish Utility Regulator’s news bulletin on the referral of the case to the State Prosecutor for Serious Economic and International Crime (in Danish)

Read ACER’s Guidance Note on capacity hoarding

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