On-site inspections of companies wholesale and retail electricity market are being carried out today, Thursday, by the Competition Commission, in the context of ex-officio investigations that have started since the end of last year.
It is noted that such audits are carried out in companies from which data on anti-competitive practices in the investigated market can be collected and does not prejudge that companies have engaged in anti-competitive behavior nor does it prejudge the outcome of the investigation.
The announcements of the Prime Minister for reductions in electricity prices will be made at 7 p.m. Speaking to SKAI, the Minister of Development Kostis Hatzidakis expressed confidence that with government intervention energy costs for households and businesses will be reduced.
The Commission communication states in detail:
The Competition Commission (“EA”), in the context of ex-officio investigations opened in December 2021 in the energy sector, carried out on 5/5/2022 sudden on-the-spot checks on companies active in the wholesale electricity supply and retail electricity markets. to low voltage customers, regarding any anti-competitive practices based on articles 1 and 2 of laws 3959/2011 and 101/102 of the Treaty on the Functioning of the European Union (TFEU).
It is noted that such audits are carried out in companies from which data on anti-competitive practices in the investigated market can be collected and does not prejudge that companies have engaged in anti-competitive behavior nor does it prejudge the outcome of the investigation.
Legal framework
EA, custodian of the proper functioning of the free market, is responsible for the implementation of competition rules based on Law 3959/2011 and Articles 101/102 TFEU.
• Articles 1 of Law 3959/2011 and 101 TFEU prohibit partnerships between companies (agreements, decisions of associations or concerted practices) that have as object or effect the restriction of competition.
• Articles 2 of Law 3959/2011 and 102 TFEU prohibit the abusive behavior of companies with a dominant position in the market.
EA points out that within the framework of its responsibilities, it will intervene as an immediate priority where necessary and will examine any relevant case that comes to its notice, by submitting a complaint, request for leniency or anonymous relevant information through the secure digital environment (whistleblowing). or otherwise, and will impose very severe administrative sanctions on companies that may engage in anti-competitive practices under the provisions of Law 3959/2011 and 101/102 TFEU “.
Follow Skai.gr on Google News
and be the first to know all the news
I have worked in the news industry for over 10 years. I have a vast amount of experience in covering health news. I am also an author at News Bulletin 247. I am highly experienced and knowledgeable in this field. I am a hard worker and always deliver quality work. I am a reliable source of information and always provide accurate information.
