Electricity market

By Brenda Yuanyuan Xiong*   Introduction The relationship between competition law and economic regulation has evolved from a state of conflict to one of mutual recognition. Competition law is aimed at preventing anti-competitive behaviors and strengthening market mechanisms, while economic regulation imposes constraints on business conduct to address market failures.1 The Organization for Economic Co-operation […]

The European Commission has opened a formal antitrust investigation to assess possible abusive behavior by Public Power Corporation (PPC) in the wholesale Greek electricity sector. Executive Vice-President Margrethe Vestager, in charge of competition policy said, “We all rely on well-functioning electricity markets. Today we are launching an investigation of PPC’s behaviour in wholesale electricity markets in Greece […]

Prime Minister Malcolm Turnbull has ordered the nation’s consumer watchdog to review retail electricity prices, saying the market doesn’t appear to be operating as effectively as it could. The Australian Competition and Consumer Commission will scrutinise electricity retailer behaviour and contracts offered to consumers and business to ensure they benefit from competition in the National […]