'Uneconomic trading' at issue in Barclays power dispute

US power trading
Banks criticise Ferc's line on manipulation

Barclays has taken a tough stance in a high-profile dispute over whether the bank manipulated western US power markets, attacking a key legal theory that has underpinned several recent investigations by the US Federal Energy Regulatory Commission (Ferc).

Ferc's allegations are "based on an economically irrational theory of alleged manipulation”, the bank said in a filing on December 14. The filing comes in response to Ferc's allegations that four former Barclays power traders conspired to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: