Ofgem finds no evidence of market abuse
Britain’s Office of Gas and Electricity Markets (Ofgem) says it has found no evidence of market abuse following its probe into the high gas prices between September 2003 and October 2003, when wholesale spot prices rose by 80%.
Ofgem is, however, still investigating two further issues: why gas deliveries from the UK gas fields were lower than expected and why shippers did not increase imports from continental Europe in response to the high British prices.
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