The fine, which undoubtedly will make a significant dent in Shell’s finances, comes after the company agreed to pay a mere 1.7 million pounds ($2.16 million) in what they call ‘voluntary redress.’
Posted by John Donovan 10 Jan 24
In a jaw-dropping display of regulatory might, Britain’s energy watchdog Ofgem has unleashed its fury on Shell Energy UK (the artist formerly known as Hudson Energy Supply UK), slapping them with a punishing 1 pound fine. Yes, you read that right – a whole pound! This monumental penalty comes after a thorough probe into the minor issue of the company overcharging its customers.
Imagine the scene at Shell Energy UK when they heard the news. Executives scrambling to check under sofa cushions and in coat pockets for the hefty sum. The fine, which undoubtedly will make a significant dent in Shell’s finances, comes after the company agreed to pay a mere 1.7 million pounds ($2.16 million) in what they call ‘voluntary redress.’