ERA investigates Synergy’s bidding behaviour

Balancing Market

Aug 04
ERA investigates Synergy’s bidding behaviour

On 31 July 2017, the Economic Regulation Authority (ERA) published a notice on its web site disclosing that it will investigate Synergy’s bidding behaviour in the Balancing Market for the period April 2016 to July 2017.  It is alleged that Synergy may have abused its market power in more than 6,000 trading intervals, representing close to 30% of all intervals in the period.  Synergy responded that there is no case to answer but that it will co-operate fully with the ERA investigation.