CIPS chair demands gas price probe_2
7 September 2012
Utilities buyers are bracing themselves for further price rises amid claims of market manipulation by gas suppliers and unrealistic government environmental targets.
Ian Dobson, chairman of the CIPS energy committee, has written to energy watchdog Ofgem accusing gas traders of manipulating the market to keep prices artificially high.
"It is believed that many of the major chunks of gas that change hands between the suppliers and shippers occur in some 'under the table' way that does not appear on the trading exchange," the...