Deutsche bank

Energy

Banks and Utilities manipulating energy prices

Britain’s top energy companies have been accused of fiddling the price of gas and electricity. Hundreds of millions of dollars are at stake. The UK Government is looking into it.

But has the same thing been happening in America?

British bank Barclays Barclays has been fined $470m by US regulators for manipulating the American electricity market.
The US Federal Energy Regulatory Commission (FERC) has provisionally fined the bank $435m and ordered it to repay $34.9m in “unjust profit.”

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Energy

Energy prices herald “return to the 70s”

Its time to start culling woodland,scavenging fuel from dumpsters and wearing warmer clothes

Start foraging in Granny’s closet — if forecasts by Deutsche Bank are true, we are heading for =higher energy prices very soon. The bank’s researcher estimates that prices will rise a further 25% by 2015, meaning that the average  household will be spending more than 4% of their disposable income on fuel bills, back to the levels seen following the oil shocks of the1970s.

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