The UK Government has published a response to its earlier consultation setting out proposals to create new criminal offences of energy market manipulation and insider trading. The proposed offences would give the UK energy regulators new powers to prosecute people suspected of abusing the wholesale electricity and gas markets.
In its response the UK Government confirms that it is going ahead with the implementation of the new criminal offences and states that draft Regulations were laid before Parliament on 22 January 2015. Subject to the will of Parliament, the draft Regulations are expected to come into force in April 2015.
View Strengthening the regulation of wholesale energy markets through new criminal offences, 22 January 2015