Thursday, 26 July 2007

European Commission initiates procedures against Electrabel

In its press release of today (26 July 2007), the European Commission announces that it initiated proceedings against Suez (Electrabel) concerning a suspected infringement of Article 82 EC Treaty.

"The suspected infringement takes the form of long-term contracts concluded by the SUEZ group with final consumers of electricity in Belgium, in particular but not limited to large industrial consumers. It is suspected that in combination these contracts prevent customer switching thereby significantly foreclosing the market(s) concerned."

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