UK Energy Suppliers to Pay GBP10.8 Million for Missing Smart-Meter Targets, Regulator Says
09 Noviembre 2023 - 3:40AM
Noticias Dow Jones
By Joe Hoppe
U.K. energy suppliers British Gas, OVO, Bulb, E.ON, Iberdrola's
Scottish Power and SSE will pay out a total of 10.8 million pounds
($13.3 million) after missing smart-meter installation targets for
2022, the U.K. energy regulator says.
Ofgem said the companies fell short of installation targets for
the year, culminating in a shortfall to install a total of 1.0
million smart meters by the required deadline.
Centrica-owned British Gas will pay the largest sum into the
Energy Industry Voluntary Redress Fund at GBP3.4 million, followed
by OVO and Bulb at GBP2.4 million and GBP1.8 million respectively.
The fund is primarily used to help consumers in vulnerable
situations most at risk from cold homes and high energy bills.
As a result of the suppliers agreeing to make voluntary
payments, Ofgem decided not to conduct a full investigation into
the reasons for the shortfall. It said a number of suppliers
provided information on mitigating factors, some of which are
reflected in the levels of payments agreed.
The companies didn't immediately respond to requests for
comment.
As of June 2023, more than 33 million smart and advanced meters
have been installed in homes and small businesses across Great
Britain, representing 58% of all meters in the U.K.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
November 09, 2023 04:25 ET (09:25 GMT)
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