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UK: Ofgem to consider closing inquiry into EPEX

 |  May 2, 2019

Britain’s energy market regulator Ofgem said on Thursday it will consider closing an investigation into power exchange EPEX after the company committed to steps which will avoid distorting competition.

Last December, Ofgem launched an investigation into whether EPEX had abused a dominant position by not letting its main competitor Nord Pool participate in some electricity trading auctions between Britain and Irish energy markets.

It said EPEX’s actions to prevent its Nord Pool entering the market were likely to have distorted competition which could lead to an increase in fees or reduced services for customers using the power exchange.

However, EPEX has committed to steps which will let Nord Pool participate in these auctions. It will also carry out an internal review of its competition law training.

“Ofgem is minded to close the investigation with the acceptance of commitments,” the regulator said in a statement.

Full Content: Euro News

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