Czech Republic: Sale of power plant to appease EU may be ‘fatal’ to electricity market
Energy producer CEZ has announced at a press conference that the company plans to sell its thermal power plant Chvaletice. In a move that aims to finally settle with the European Commission, CEZ plans to sell the plant to Litvinovska uhelna, a mining company. The mining company reportedly out-bid EPH; despite its surprise that it was out-bid, EPH reportedly included various conditions with their request to buy. The Commission has been waiting for a settlement agreement to be complete since 2009 when the authority brought proceedings against CEZ for alleged abused of its dominant position in the electricity market. The Commission has yet to confirm that the sale of the plant will sufficiently settle the authority’s concerns. The Czech Republic’s Association of District Heating has vocalized opposition to the deal, claiming that the sale means “the coal market in the Czech Republic virtually ceased to exist” as of the announcement of the deal, and that, if approved, it would have “fatal impacts” on the nation’s electricity competition.
Full Content: Prague Daily Monitor
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI