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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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