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EU: Competition watchdog raids Greek power utility

By  |  February 15, 2017

The European Union’s competition authority is investigating Greece’s power utility PPC over allegations the utility has violated antitrust rules, PPC said on Wednesday.

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    Two sources told Reuters on Wednesday that the EU competition watchdog on Tuesday raided PPC and the headquarters of the country’s power grid operator ADMIE. PPC, which is 51 percent owned by the state, owns ADMIE.

    PPC confirmed that inspection had begun on Tuesday as part of the EU regulator’s investigation into alleged abuse of PPC’s dominant position in the wholesale energy market since 2010. PPC said it was “providing every possible help to facilitate the inspectors’ work.”

    The European Commission said EU antitrust regulators raided several Greek power companies on Tuesday on suspicion that the firms may be involved in anti-competitive practices but did not name them.

    Full Content: Ekathimerini

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