$NGG U.K. energy regulator Ofgem says it has launched an investigation into National Grid's (NGG) demand forecasting for the U.K. electricity market, while also noting that the move does not mean it has found any non-compliance issues.
Ofgem says the probe will examine whether National Grid Electricity Transmission breached rules relating to its duty to operate the system in an economic and efficient manner, which includes producing and publishing appropriate demand forecasts.
National Grid Electricity Transmission is the system operator for the electricity transmission network in England, Scotland and Wales.
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