U.K.'s National Grid Fined £41.6M Over Gas Meters

Law360, New York (February 25, 2008, 12:00 AM EST) -- After nearly a year of investigations, the United Kingdom's energy regulator on Monday blasted power company National Grid Plc with a record £41.6 million ($81.7 million) fine for restricting competition in the domestic gas meters market.

The Office of Gas and Electricity Markets said on Monday that National Grid had abused its dominant position in the market by putting restrictions on processes gas suppliers could use to replace their existing gas meters with more efficient ones from other companies.

The regulator has been strongly pushing smart...
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