Competition Commission investigation in the electricity retail market

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The Competition Commission, in cooperation with the Competition Commission, launched an ex-officio investigation into the market of retail supply of electricity to low-voltage customers.

According to what the Competition Commission reports, it carried out preparatory research and monitoring of the specific market and then research measures in eighteen (18) companies operating in the market to identify anti-competitive practices under Law 3959/2011 and the Treaty. for the Functioning of the European Union (TFEU).

It is noted that conducting research measures does not prejudge that companies or associations of 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 in charge of the ex post application of the 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). and will impose very severe administrative sanctions on companies that may apply anti-competitive practices under the provisions of Law 3959/2011 and 101/102 TFEU.

Other actions

EA in cooperation with the Energy Regulatory Authority (RAE), which is in charge of ex ante control of competition in the energy sector, is closely monitoring the price increases that occur internationally as a consequence of the current pandemic, as these increases may have effects within the Greek territory. It has set up a working group consisting of executives in collaboration with experts from foreign and domestic universities, such as Cambridge University, the University of East Anglia, as well as the Athens University of Economics and Business with the aim of closely monitoring the market.

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