A Cabal of Energy Traders accused of subterfuge in spark market

The U.K.’s energy regulator is investigating whether traders manipulated some derivatives prices, according to documents seen by Bloomberg News and a person familiar with the situation. The probe, known as “Project Damson,” is focused on alleged efforts by U.K. traders…

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Big six energy firms accused of understating profits

The big six have been accused of “hiding” their profit margins to head off intervention in the energy market. Energy suppliers are making handsome margins of up 24 per cent on standard variable tariffs, a leading newspaper has claimed. The…

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