The Spanish Competition Court fines a power generating company for abusing its dominant position by artificially raising the prices of the Spanish electricity pool (Viesgo Generación)

The Spanish National Energy Commission (Comisión Nacional de la Energía, “the CNE”), submitted on 11 July and 11 November 2003 two reports to the Spanish Service for Defence of Competition (“the Service”) regarding about the conclusions of two investigations carried out to determine the reasons behind the obtention of particularly high revenues during certain periods of time (“the Relevant Periods”) by four power plants (“the Plants”) located in the central and southern regions of Spain which belonged to the energy company Viesgo Generación (“Viesgo”). Viesgo, a subsidiary of the Italian energy giant ENEL, operates in all the different activities relating to energy production and distribution, holding approximately 5% of the total Spanish market (in terms of production capacity). The Service

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Casto Gonzalez-Paramo, The Spanish Competition Court fines a power generating company for abusing its dominant position by artificially raising the prices of the Spanish electricity pool (Viesgo Generación), 28 December 2006, e-Competitions Bulletin December 2006, Art. N° 13144

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