Gas Market Fraud

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

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

Ofgem has a daily role to monitor energy markets and make sure that they operate properly. In that normal process, it encounters a number of allegations. These will not have been the first allegations that it has received. Ofgem does not announce every particular allegation; it has to go through a proper process. Now there appears to be some evidence backing these allegations, but the reason we have an independent regulator is to allow it to get on and do the investigation. I suggest that that is exactly what we should do.