Energy Firms Hit £10.8 Million Fine for Smart‑Meter Slip‑Ups
Who’s Owed What?
Turns out the energy giants – think of them as the Champagne of electricity – ran out of smart‑meters before their 2022 deadline, and Ofgem’s got a big bill for them.
- British Gas: £3.4 million
- Ovo: £2.4 million
- Bulb & Octopus: £1.8 million
Why It Matters
Cathryn Scott, director of enforcement at Ofgem, said, “Installing smart meters is a vital step in modernising our energy system and reaching net zero by 2050. Smart meters give customers better insight into their usage, helping them budget and control costs.”
What Happens Next?
The money will be funnelled into Ofgem’s fund to help vulnerable households. Think of it as a giant helping hand – or a financial cushion – for folks who might otherwise be left on a cliff-edge with soaring bills.
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