Latest news with #SouthernGasNetworks
The National
3 days ago
- Business
- The National
Scotland Gas Networks among firms to pay £8m in fines
Regulator Ofgem said Cadent Gas, Scotland Gas Networks and Southern Gas Networks have voluntarily agreed to pay the funds after missing their targets between 2022 and 2023. Ofgem's rules require companies which manage the gas network to attend reports of suspected gas leaks within one or two hours, depending on the incident, in 97% of cases. Southern Gas Networks will pay £5.8m, Cadent will pay £1.5m, and Scotland Gas Networks will pay £700,000. READ MORE: Scottish travel firm puts 10 buses up for auction after closing 'out of the blue' The cash will go into Ofgem's voluntary redress fund, which provides money for projects that support vulnerable energy consumers. Cathryn Scott, director of market oversight and enforcement at Ofgem, said: 'The potential risk to households and businesses if gas leaks aren't investigated quickly is significant, so it's right that the companies involved have acknowledged the seriousness of missing these targets. 'We're confident the companies have improved their systems and processes to make sure this doesn't happen again and have demonstrated their commitment to this by meeting their targets in the two years since the breach.' Ofgem said it opened an investigation into the three companies after they self-reported missing their targets.
Scottish Sun
3 days ago
- Business
- Scottish Sun
Three gas companies penalised £8m for failing to attend emergencies on time
Companies maintain the gas network and must attend reports of any suspected leaks within one or two hours GAS BLAST Three gas companies penalised £8m for failing to attend emergencies on time Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THREE gas companies have been penalised £8million for failing to attend emergencies on time, potentially leaving customers at risk. Southern Gas Networks will pay £5.8million, Cadent £1.5million and Scotland Gas Networks £700,000. Sign up for Scottish Sun newsletter Sign up Companies maintain the gas network and must attend reports of any suspected leaks within one or two hours, depending on the circumstances. They must arrive in one hour for uncontrolled gas escapes and two hours for controlled leaks in at least 97 per cent of cases. Southern Gas Networks was handed the largest penalty after it missed the 97 per cent target by 5.1 per cent. Cadent was 1.8 per cent adrift, with Scotland Gas Networks 0.4 per cent. Energy watchdog Ofgem looked at their failure to hit targets between 2022 and 2023. The investigation covered Cadent's North London and North West regions, and the other distributors' Scottish and Southern areas. Cathryn Scott, Ofgem's director of market oversight and enforcement, said: 'The potential risk to households and businesses if gas leaks aren't investigated quickly is significant.' She said Ofgem won't hesitate to take action when companies fail to meet their obligations. The companies voluntarily agreed to pay the penalties. The cash will go into Ofgem's redress fund, which provides money for projects supporting vulnerable energy consumers. 1 Three gas companies have been penalised £8million for failing to attend emergencies on time, potentially leaving customers at risk Credit: Getty Residents evacuated after gas leak in Scots town sparks chaos HOME PLUNGE HOUSE sales plunged last month as changes to stamp duty hit first-time buyers, figures show. There were 64,680 sales in April — a third of the number in March. The figure was also well down on April last year, according to HMRC. From April 1, first-time buyers have paid stamp duty on homes above £300,000, down from £425,000. PETROL'S FALL AVERAGE petrol pump prices have fallen to their lowest level for almost four years, but experts predict they will not go lower. They reached 132.3p a litre on Thursday, down from about 135.5p in early April, according to the AA. But it said the impact of low oil prices remains 'disappointing and frustrating' for motorists. GOOD WEEK: DEBBIE Crosbie, boss at Nationwide, after the building society reported a 30 per cent leap in profits to £2.3billion. BAD WEEK: CHRIS Weston, boss at Thames Water, which was fined £122.7million for sewage spills and dividend breaches.
The Sun
3 days ago
- Business
- The Sun
Three gas companies penalised £8m for failing to attend emergencies on time
THREE gas companies have been penalised £8million for failing to attend emergencies on time, potentially leaving customers at risk. Southern Gas Networks will pay £5.8million, Cadent £1.5million and Scotland Gas Networks £700,000. Companies maintain the gas network and must attend reports of any suspected leaks within one or two hours, depending on the circumstances. They must arrive in one hour for uncontrolled gas escapes and two hours for controlled leaks in at least 97 per cent of cases. Southern Gas Networks was handed the largest penalty after it missed the 97 per cent target by 5.1 per cent. Cadent was 1.8 per cent adrift, with Scotland Gas Networks 0.4 per cent. Energy watchdog Ofgem looked at their failure to hit targets between 2022 and 2023. The investigation covered Cadent's North London and North West regions, and the other distributors' Scottish and Southern areas. Cathryn Scott, Ofgem's director of market oversight and enforcement, said: 'The potential risk to households and businesses if gas leaks aren't investigated quickly is significant.' She said Ofgem won't hesitate to take action when companies fail to meet their obligations. The companies voluntarily agreed to pay the penalties. The cash will go into Ofgem's redress fund, which provides money for projects supporting vulnerable energy consumers. 1 HOME PLUNGE HOUSE sales plunged last month as changes to stamp duty hit first-time buyers, figures show. There were 64,680 sales in April — a third of the number in March. The figure was also well down on April last year, according to HMRC. From April 1, first-time buyers have paid stamp duty on homes above £300,000, down from £425,000. PETROL'S FALL AVERAGE petrol pump prices have fallen to their lowest level for almost four years, but experts predict they will not go lower. They reached 132.3p a litre on Thursday, down from about 135.5p in early April, according to the AA. But it said the impact of low oil prices remains 'disappointing and frustrating' for motorists. GOOD WEEK: DEBBIE Crosbie, boss at Nationwide, after the building society reported a 30 per cent leap in profits to £2.3billion.
The Independent
3 days ago
- Business
- The Independent
Three energy firms fined £8m by Ofgem for attending gas leaks late
Three gas distribution companies are paying a combined £8 million in penalties after failing to attend to some gas emergencies on time. Cadent Gas, Scotland Gas Networks and Southern Gas Networks all voluntarily agreed to pay the funds after missing their targets between 2022 and 2023, Ofgem said. The regulator said it opened an investigation into the three companies after they self-reported missing their targets. Ofgem 's rules require companies which manage the gas network to attend to reports of suspected gas leaks within one or two hours, depending on the incident, in 97 per cent of cases. Southern Gas Networks will pay £5.8 million to Ofgem's Energy Redress Fund, Cadent will pay £1.5 million, and Scotland Gas Networks will pay £700,000. The cash will go into Ofgem's voluntary redress fund, which provides money for projects that support vulnerable energy consumers. Cathryn Scott, director of market oversight and enforcement at Ofgem, said the 'potential risk to households and businesses if gas leaks aren't investigated quickly is significant, so it's right that the companies involved have acknowledged the seriousness of missing these targets'. 'We're confident the companies have improved their systems and processes to make sure this doesn't happen again and have demonstrated their commitment to this by meeting their targets in the two years since the breach. 'We take compliance with our rules incredibly seriously, and as demonstrated with this case, will not hesitate to take action when companies fail to meet their obligations across the board.'
Yahoo
4 days ago
- Business
- Yahoo
Energy firms pay £8m in penalties after attending some gas leaks late
Three gas distribution companies are paying a combined £8 million in penalties after failing to attend some gas emergency reports on time. Regulator Ofgem said Cadent Gas, Scotland Gas Networks and Southern Gas Networks have voluntarily agreed to pay the funds after missing their targets between 2022 and 2023. Ofgem's rules require companies which manage the gas network to attend reports of suspected gas leaks within one or two hours, depending on the incident, in 97% of cases. Southern Gas Networks will pay £5.8 million, Cadent will pay £1.5 million and Scotland Gas Networks will pay £700,000. The cash will go into Ofgem's voluntary redress fund, which provides money for projects that support vulnerable energy consumers. Cathryn Scott, director of market oversight and enforcement at Ofgem, said: 'The potential risk to households and businesses if gas leaks aren't investigated quickly is significant, so it's right that the companies involved have acknowledged the seriousness of missing these targets. 'We're confident the companies have improved their systems and processes to make sure this doesn't happen again and have demonstrated their commitment to this by meeting their targets in the two years since the breach.' Ofgem said it opened an investigation into the three companies after they self-reported missing their targets. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
