Corp-Ethics.com - Report: £41m meters fine for National Grid

Company	National Grid [Company Info]
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Date	Issue	Title
26th Feb 2008	Other Issue	£41m meters fine for National Grid

Report

UK Power distributor National Grid has been fined £41.6m ($80m USD) for restricting competition in the UK's gas metering market.

Energy regulator Ofgem said the company, which owns 99% of the UK's gas meters, had "severely restricted" rival suppliers from replacing its equipment with cheaper or more advanced devices.

Ofgem chairman Sir John Mogg said: "National Grid has abused its dominance in the domestic gas metering market, restricting competition and harming consumers."

National Grid said there was no evidence customers or competition had been harmed and added that it would be lodging an appeal.

Other Reports on National Grid
Date	Issue	Company	Report
10th Jan 2005	Other Issue	National Grid	Threat of $20m fine for Blackouts

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