New laws could mean gas companies who breach regulations could be fined £20,000 a day.
The Communications and Utilities Regulatory Authority has published the results of a consultation it carried out into regulating the gas industry through new legislation.
It says in future it would mean the maximum fine for breaking the rules would be 10 per cent of a company's turnover.
But it says where a firm ignores instructions from the authority, it could impose a £20,000 a day financial penalty.
Financial regulator proposes higher fees
The Financial Services Authority has launched a consultation about changing its fees.
Chance to air your views on mortgage brokers
A market research company says it wants your views on insurance and mortgage brokers.
£20k for 24 days work a year as Steam Packet director
Could you help run the Steam Packet Company?
Popular Douglas cafe up for sale
A café and takeaway in central Douglas has gone on the market.
Company reveals hopes for Swiss Chalet
Work to reopen a landmark former restaurant which has been closed since 2019 is forging ahead.
Premium estate agent launches new license on Island
Premium property agent Fine & Country has launched a new license on the Isle of Man.
Signs approved for estate agent's new office
A local estate agent that's opening a new location in the south has had a planning application approved.
Number of aircraft registered here declining since 2022
The number of new aircraft being registered by the Isle of Man aircraft registry has been declining steadily since 2022.
