UK: National grid fined £41.6m

Power distributor National Grid was today fined £41.6m (€55.1m) for restricting competition in the UK’s gas metering market.

Mon, 25 Feb, 2008 - 07:58

Power distributor National Grid was today fined £41.6m (€55.1m) 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.

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