Less Ads, More Data, More Tools Register for FREE

Ofgem fines SSE ?700k for missing gas smart meter target

Wed, 03rd Apr 2019 09:10

(Sharecast News) - Ofgem has fined SSE's domestic retail business £700,000 for missing its target to install gas smart meters for customers last year.Under the government's smart-meter roll-out programme, suppliers are legally required to take all reasonable steps to roll out smart meters to all homes and businesses by the end of 2020.While SSE Energy Services met its smart electric meters installation target for 2018, the gas target wasn't met until February 2019.SSE has agreed to pay £700,000 to Ofgem's consumer redress fund, which supports consumers in vulnerable situations and the development of innovative products or services not currently available to energy consumers.As a result, the energy regulator has decided not to take formal enforcement action.Chris Adams, director of metering and smart transformation at SSE Energy Services, said: "SSE Energy Services is fully committed to the rollout of smart meters and to delivering the benefits of smart for customers. We worked hard during 2018 to successfully transition to the new generation of smart meter, which brings full functionality to customers, and installed around 600,000 meters during the year. However, while there were many achievements in 2018, we are disappointed that we fell slightly short on meeting our gas target."We quickly recovered the shortfall during February 2019 and are on target for the year ahead. We have worked with Ofgem to resolve this matter as quickly as possible and have agreed to make a payment to Ofgem's Voluntary Redress Fund."

Related Shares

More News
17 Jun 2024 15:49

London close: Stocks mixed ahead of key UK inflation data

(Sharecast News) - London stocks ended Monday with a mixed performance as renewed concerns over French political uncertainty weighed on investors' min...

14 Jun 2024 12:15

IN BRIEF: SSE General Counsel Tanner sells GBP200,000 in shares

SSE PLC - Perth, Scotland-based electricity transmission and distribution utility - General Counsel Elizabeth Tanner sells 12,000 shares at GBP17.72, ...

30 May 2024 13:35

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its c...

30 May 2024 13:14

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its c...

28 May 2024 09:36

LONDON BROKER RATINGS: RBC likes M&S; Goldman cuts Fevertree to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.