No, this refers to what and how they are permitted to trade, and how the wholesale market is regulated - the rules are baroque in the extreme, and were last rev

No, this refers to what and how they are permitted to trade, and how the wholesale market is regulated - the rules are baroque in the extreme, and were last reviewed 20 years ago. The intent was good - it was supposed to ensure stability and certainty of supply, and by using the highest price for the cheapest source (gas, at the time) they guaranteed a stable price and supply of energy. It was also intended to prevent arbitrage and profiteering. The outcome is still somewhat true - except the price is sky-high, and stably sky-high for at least the next few Qs.