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Estonia: In first days of trading, authorities accuse energy giant of dominance abuse

By  |  January 4, 2013
Estonia: In first days of trading, authorities accuse energy giant of dominance abuse

The Estonian Competition Authority has accused energy giant Eesti Energia of holding a monopoly, a dominance that has caused electricity prices to soar more than 15 percent above costs in neighboring Finland. The Competition Authority released a statement saying it has required Eesti Energia to explain its pricing to the Authority by mid-January. Estonia’s energy market has only recently been deregulated, and the Authority noted that it “cannot draw fundamental conclusions based on just a few days of trading.” The energy company, however, has admitted that thanks to few international links, international market fluctuations do not affect the company’s pricing.

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    Full Content: Estonian Public Broadcasting

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