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E.U.: Commission investigating Romanian power exchange for alleged abuse of dominance

By  |  December 11, 2012

According to a press release by the European Commission, the antitrust authority has opened formal proceedings against Transelectrica – Romania’s sole power exchange – and it subsidiary OPCOM for alleged abuse of dominance. Specifically, the E.C. is investigating whether Transelectrica has been discriminating against companies not based in Romania; according to the press release, OPCOM requires that “all participants on the spot markets on the power exchange hold a Romanian VAT registration,” thereby requiring those companies to be established in Romania. The Commission says that the practice may increase costs for foreign trader and may deter them from entering into the Romanian electricity wholesale market.

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    Full Content: European Commission

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