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    UK regulator says OVO Energy to pay $14 million in probe settlement

    Picture of E.ON SE logoE.ON SE
    03/06/2026 07:18
    UK regulator says OVO Energy to pay $14 million in probe settlement
    
    June 3 (Reuters) - Britain's energy regulator Ofgem said on Wednesday OVO Energy agreed to pay about £10.4 million ($14 million) in settlements after an investigation found failures in its processes that could have put prepayment meter customers at risk.
    The company is set to be acquired by German utility group E.ON EONGn.DE, creating one of ⁠the UK's biggest energy suppliers. 

    ($1 = 0.7437 pounds)

     (Reporting by Ankita Bora in Bengaluru; Editing by Nivedita Bhattacharjee)
     ((Ankita.Bora@thomsonreuters.com;))

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