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Gas price fix allegations 'taken seriously'

One of Britain's most important energy markets is facing claims of price fixing.

A whistle blower has told the Guardian that the wholesale gas market is being manipulated to boost profits.

Seth Freedman worked at ICIS Heren, a financial information company that publishes energy price reports.

The city watchdog, the Financial Services Authority, and the energy regulator, Ofgem, are investigating the claims.

Speaking to The World At One, the Chief Executive of Energy UK, Angela Knight, said that the issue was being "taken seriously" and that "the regulators do need to investigate it quickly".

  • 13 Nov 2012