Whistleblower Claims The Energy Market Is Rigged

REALLY ?

“Power companies are “regularly” manipulating Britain’s wholesale gas prices, a whistleblower has claimed.

Last night City watchdog the Financial Services Authority (FSA) and energy regulator Ofgem both said they had launched investigations into the claims.

The FSA launched its investigation after whistleblower Seth Freedman told them he saw evidence that wholesale gas prices, used as the basis for domestic energy bills, were manipulated by some of the big power companies according to a report by the Guardian newspaper .

Mr Freedman, who worked at ICIS Heren, a firm which reports gas prices, said he saw what he took to be suspect trading on September 28, which is an important date as it marks the end of the gas industry’s financial year and can influence future prices.”

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