Gas Market Fraud

Part of Oral Answers to Questions — Justice – in the House of Commons at 1:30 pm on 13 November 2012.

Alert me about debates like this

Photo of Edward Davey Edward Davey The Secretary of State for Energy and Climate Change 1:30, 13 November 2012

I share my hon. Friend’s concerns that our constituents deserve markets that are fair, deliver competitive outcomes and keep prices as low as possible. He is absolutely right on that. Again, I am being asked to prejudge the outcome of the investigations, but I can say to him that if certain offences are proved to have been committed, very serious penalties are attached to them. If a cartel offence, for example, has been committed, it is a very serious one and it has a criminal sentence attached to it.