Davey quizzed on Libor-like gas pricing “racket”

Energy Secretary Ed Davey this afternoon said it is “totally unacceptable” for people to profit from manipulating energy prices, declaring that if there is a “racket” in the UK gas market then the “full force of the law” will be brought down on the guilty parties. He made the remarks when taking questions in the […]

Gas fixing allegations reveal “dangers” of Big Six control

The latest allegations that gas prices have been manipulated by energy companies reveal the “potential dangers” of letting the Big Six control so much of the energy market. It has surfaced that a whistleblower reported to regulators a series of “unusual” deals below the market price on 28th September earlier this year. Ofgem and the […]