Ofgem fines Engie for gas market manipulation

French utility Engie has received a fine from UK energy regulator Ofgem for manipulating gas market prices.
Photo: CHARLES PLATIAU/Reuters / X00217
Photo: CHARLES PLATIAU/Reuters / X00217
BY OLE ANDERSEN

The UK's Office of Gas and Electricity Markets (Ofgem) has slapped French utility Engie with a fine for GBP 2.1 million after the regulator revealed that a trader operating on behalf on Engie and in its name manipulated gas prices to boost income.

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