National Grid plc

Ofgem Fines British Gas

The Office of Gas and Electricity Markets (Ofgem) has levied a £1 million fine on British Gas Business for not providing accurate information about the amount of electricity supplied under the Government’s Renewables Obligation. The error was caused by British Gas’s faulty interpretation of the reporting requirements and insufficient procedures by the company. The £1 million penalty on British Gas has been reduced because of British Gas’ cooperation.