Price reporting is improving, says CCRO director
Confidence in the energy markets is returning partially thanks to an improvement in the price reporting practices of energy companies, according to Robert Anderson, executive director of the US-based Committee of Chief Risk Officers (CCRO).
Some energy companies in the US ceased reporting prices following charges of market manipulation by US energy regulators. Enron, and others, famously misrepresented gas and electricity prices to publishers and were subsequently charged and fined by the Commodity Futures Trading Commission.
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