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.
What's stopping people buying homes?
A research survey is trying to find out about barriers to home ownership on the Island.
UK tax plans driving crypto investors to Island
Is a possible UK exit tax driving crypto investors to flock to the Isle of Man?
FBI agents to share their expertise on Island
FBI agents will be among the speakers at a financial crime conference on the Island next week.
Winona wins Most Enterprising Student for railway project
Winona Reese Dalugdugan has won 'Most Enterprising Student' at the 2025 Step Programme Finale.
Findings released from review into money-lending industry
The Financial Services Authority says of 20 money-lending firms it inspected, it found 85 contraventions of the Anti-Money Laundering and Countering the Financing of Terrorism Code.
Regulator launches consultation into its strategy on competition
The Communications and Utilities Regulatory Authority has launched a consultation into its competition strategy.
What do you think of your bank?
A research company is asking Island residents what you think of your bank.
Government launches Business Consultancy Scheme
The Department for Enterprise has unveiled a new Business Consultancy Scheme.
