A PYMNTS Company

Estonia: Regs suspect Latvia, Lithuania cos for distorted electricity competition

By  |  June 26, 2013

Estonia’s Ministry of Commerce, along with the Competition Authority, have announced a joint investigation to look into whether power trading companies within Latvia and Lithuania have distorted Estonia’s power market. Reports claim consumers have been paying higher prices than their counterparts in neighboring countries; now, regulators are looking into the causes of those price hikes after receiving claims that because Lithuania and Latvia are not selling their electricity supplies on the free market, Estonia must purchase that power on Lithuania and Latvia’s terms; experts say the two countries that neighbor Estonia to the south are experiencing a major shortage supply.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Baltic Business News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.