The Spanish government has asked the nation’s competition authority to investigate possible irregular activity between utilities companies that may be affecting electricity prices, according to a source from within the government.
The Ministry of Ecological Transition made the request to the authority, the CNMC, in a letter sent Monday, June 7, the source told The Wall Street Journal. In the letter, the ministry asked the CNMC “to analyse any possible irregular behavior or bad market practice on the part of operators, relating to the coming into force of the new tariff structure.”
A spokesman for the CNMC confirmed it had received the letter and said the regulator continually reviewed the gas and electric market, as set out by law.
A new structure of electricity tariffs came into force on June 1 in Spain. The government has since intervened in an attempt to bring down climbing electricity bills, last week approving a draft bill aiming to minimize extra costs charged by providers relating to carbon emissions.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Plaintiffs Seek Communications In Antitrust Case Against Pioneer
May 9, 2024 by
CPI
UK Government Approves Vodafone-Hutchison Merger
May 9, 2024 by
CPI
Senate Majority Leader Announces Plan for AI Regulation Framework
May 9, 2024 by
CPI
BBVA Initiates Aggressive Takeover Bid for Sabadell
May 9, 2024 by
CPI
TikTok to Label AI-Generated Content Amid Election Interference Concerns
May 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI