In response to press reports about trading in the wholesale energy market, Centrica wishes to make its position clear:
Centrica has very robust governance and compliance policies, which regulate its market participation and behaviour. These policies are reviewed on a regular basis.
Centrica’s traders are prohibited from providing price information to price reporting agencies.
It’s important to stress that the wholesale gas market has more than 50 participants, not just energy supply companies, handling hundreds of trades every day.
It is in everyone’s interests that there is a well-functioning and orderly wholesale energy market.
A former energy trader has told ITV News the electricity market has been rigged and it is "worse" than the gas market.
Another market, another investigation. The Energy and City watchdogs start investigations into allegations of traders fixing the gas price.