Basic Search  |  Summaries  |  Advanced SearchPenalty: £44,000,000
Year: 2019
Date: 22 May, 2019
Offence Group: competition-related offences
Offence Type: energy market violation
Violation Description: Ofgem decided to conclude enforcement action under the the alternative action guidelines following Cadent's remedial action of spending £24 million on a restitution and improvement plan and an estimated £20 million setting up a community fund, following concerns by Ofgem that the company's records about its network were not accurate, thus breaching its licence requirements to maintain an efficient and economic gas pipeline system and resulting in customers being without gas supply and unable to receive the required compensation.
Agency: Office of Gas and Electricity Markets
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: privately held
Major Industry of Parent: utilities and power generation
Specific Industry of Parent: natural gas distribution
Source of Data: (click here)