UK Gas Traders Raise Questions about Pricing System

Reuters reported that traders are saying that the pricing system used to assess daily gas prices in the UK is open to manipulation.

As quoted in the market report:

The Financial Services Authority (FSA) and energy regulator Ofgem are investigating allegations made by a whistleblower that traders have manipulated wholesale prices on Europe’s biggest gas market, a trend-setter across the continent.

To view the whole Reuters report, click here.