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Bulgaria: Fines zap Czech energy firm

 |  November 25, 2013

Bulgaria’s Commission for Protection of Competition announced Monday that it had previously imposed a fine on Czech Republic-based Energo-Pro, an electricity distribution business, for abusing its market dominance.

Reports say the fines, totaling more than $700,000, were first issued last week but were not announced by the CPC until Monday. Reports say regulators first probed Energo-Pro following a 2012 complaint lodged with the CPC accusing the company of limiting energy production at the request of grid operator ESO.

In a statement, the CPC said it found Energy-Pro did not act “proportionately” in its energy caps.

Full Content: Sofia Globe

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