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.
Sign-ups open for Celtic business conference
Registration is now open for a business conference for the Celtic nations.
Hundreds of new entries in landmark Russian sanctions package
Hundreds of new entries have been added to the UK's Russian sanctions list, which applies to the Island.
Recruitment events for coach and taxi drivers this week
A company in Douglas is holding a series of events this week as it recruits coach and taxi drivers.
FSA launches review into counter-terrorism compliance
The Financial Services Authority is launching a review into how firms comply with counter-terrorism financing rules.
Wins for Island tradespeople in skills contest
Six Island apprentices have taken first place in a competition between the three Crown Dependencies.
Coffee shop premises up for sale
The premises of a Douglas coffee shop have gone on the market.
More time to enter Manx Menu competition
If you'd like to take part in a contest to find the Island's ideal taste, you're in luck after the deadline for entries was extended.
Island's evidence used in MONEYVAL report on virtual assets
The Island's given evidence for a report by Europe's money laundering watchdog warning of the risks posed by virtual assets.
