Ofgem finds no evidence of market abuse

The energy regulator says it has closed five lines of inquiry which could have explained the higher gas process. These are higher demand, alleged manipulation, price movement linked to other commodity markets, decrease in market liquidity and market sentiment.

Ofgem is, however, still investigating two further issues: why gas deliveries from the UK gas fields were lower than expected and why shippers did not increase imports from continental Europe in response to the high British prices.

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