– Adam Scorer, Director of Policy and External Affairs at Consumer Focus
Reports that traders have routinely manipulated the wholesale gas market must be immediately and vigorously investigated. That investigation must establish whether such manipulation has taken place, whether it was a single incident, whether, as reported, this is 'taking place on a regular basis' and which individuals and companies may have been responsible.
If such an investigation exposes a culture of manipulation then the structure and operation of the market is in question, not just the behaviour of rogue traders.
ITV News has been told by a former energy trader the electricity market may have been rigged "for years" and "is worse" than what has allegedly been going on in the gas market.