British Gas fined £1m by Ofgem for misreporting

The Renewables Obligation scheme requires energy firms to detail their use of renewables. Energy regulator Ofgem has fined British Gas £1m for misreporting how much electricity it supplied. This affected its target under the government’s programme for supplying electricity from renewable sources. The error was made over seven years by British Gas Business, which supplies the company’s business customers.  Ofgem said British Gas Business had underestimated the total amount of electricity it sold by 0.6% a year from 2001-02 to 2008-09.  Read the full article here