24 Sep '12, 7am

Ofgem threatens fines for energy companies missing efficiency goals

Energy companies are facing huge fines if they are found to be falling short of government-set targets to install energy efficiency measures for consumers. Regulator Ofgem on Friday set a deadline of the end of December for energy companies to meet the goals established under two schemes, the Community Energy Saving Programme (CESP) and the Carbon Emissions Reduction Target (CERT), or face financial penalties of up to 10 per cent of turnover. FURTHER READING Report warns of global food insecurity as climate change destroys fisheries Updated: Renewable Heat Incentive set to fire up domestic market However, in an open letter published on its website it said it will take account of additional energy saving measures installed shortly after the 31st of December as mitigation against future enforcement action. Ofgem said this would ensure companies that fail to meet their obliga...

Full article: http://www.businessgreen.com/bg/news/2207367/ofgem-threat...

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