03 Jul '11, 11pm

British Gas Business fined £1m for underestimating renewable energy sales

British Gas' business-to-business arm has been slapped with a £1m fine for underestimating the amount of renewable electricity it supplied to non-domestic customers. The government's Renewable Obligation (RO) requires utilities to provide evidence of the amount of electricity supplied from renewable sources. Financial incentives, known as Renewable Obligation Certificates (ROC), designed to promote the use of renewable energy, depend on the accuracy of such information. FURTHER READING Ed Miliband joins fight to save solar feed-in tariffs DECC reveals plan to 'streamline' Carbon Reduction Commitment Ofgem confirmed the £1m fine on Friday, ruling that British Gas Business (BGB) had underestimated the volume of electricity supplied to its business customers through the RO over a seven-year period. BGB based its supply figures on billing data, such as estimated bills, rather ...

Full article: http://www.businessgreen.com/bg/news/2083490/british-gas-...

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