How does the marketplace monitor and correct actions like this? Obviously the government does not do a very good job of catching these entities in the act but only after the fact. Activity like this affects the price paid for electricity, almost always more than it should be.
US FERC staff alleges Constellation Energy unit manipulated power markets
Washington (Platts)
US Federal Energy Regulatory Commission staff is alleging Constellation Energy Commodities Group, the wholesale energy subsidiary of Baltimore-based Constellation Energy, engaged in market manipulation by scheduling physical flows among several independent system operators to benefit the company’s financial positions.
Staff with FERC’s Office of Enforcement “has preliminarily determined that Constellation Energy Commodities Group violated the commission’s prohibition on electric energy market manipulation … and the commission’s market behavior rule” on communications, according to a notice of alleged violations posted…