The £8m fine imposed on National Grid on Thursday means the UK utility has achieved a dubious distinction.
In 2008, it was the subject of the largest penalty ever exacted by Ofgem, the UK regulator (£41.6m for anti-competitive metering – later reduced to £15m by the Court of Appeal). Today, National Grid added the number two spot, receiving the second-biggest fine in Ofgem’s history. Read more
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