GAS COMPANIES MAY HAVE FIDDLED 'LIBOR-LIKE' FIGURES TO MAKE PROFITS

A TRADER HAS ALLEGED GAS COMPANIES MANIPULATED RATE SO THEY COULD MAKE PROFITS.
THERE SEEM TO BE ALL SORTS OF SCANDALS THESE DAYS.
I WONDER IF PEOPLE COULD SUE THE TRADERS/GAS COMPANIES FOR ANY MANIPULATED.

NOW IT SEEMS ELECTRICITY COMPANIES WERE ALSO FIXING PRICES IN A SIMILIAR WAY.

Badboy wrote:NOW IT SEEMS ELECTRICITY COMPANIES WERE ALSO FIXING PRICES IN A SIMILIAR WAY.

Badboy, there is to be an enquiry but part of the reason for "fixing" prices is because there are so many Gas and electricity suppliers that there has to be some kind of order. It was a terrible mistake to sell the Utilities, Maggie Thatcher thought it would mean more investment and competetiveness but higher prices are the result.