Q&A: Gas market-fixing probe

The wholesale price of gas has a knock-on impact on the retail price consumers face

The news that regulators have launched investigations into allegations that wholesale gas prices have been manipulated has put the industry under the spotlight.

Here we take a closer look at how wholesale gas prices are calculated, and how and why the market may have been fixed by some traders.

How does the wholesale gas market operate?

Why is the average daily price so important?

What is alleged?

But why would some traders have wanted to sell wholesale gas at a lower price?