Ferc cracks down on power market manipulation

Danger of death

Power market manipulation

It was once an obscure government agency, issuing arcane rules on interstate sales of natural gas and electricity. But in the past two years, the US Federal Energy Regulatory Commission (Ferc) has emerged from the shadows with headline-grabbing investigations of possible manipulation in wholesale electricity markets, targeting big-name firms including Barclays, Deutsche Bank, JP Morgan and Baltimore-based Constellation Energy.

The investigations are part of a crackdown by Ferc that could have wi