The Spanish Competition Authority fines €2,5M an electricity producer for abusive prices in the electricity generation schedules adjustment market (Viesgo Generación)

On December 2006, the Spanish Antitrust Court, TDC, imposed a fine to Enel Viesgo: 2,5 million €. According to the TDC, Enel Viesgo has abused its dominant position in the electricity generation schedules adjustment market by setting excessively high prices (Mercado de restricciones). This investigation is one the several cases that the TDC has analyzed concerning this particular market. For example, in 2004 the TDC fined the three main electricity companies in Spain, Endesa, Iberdrola and Unión Fenosa, for the same reason [1]. This market operates as follows. Electricity generators submit their offer stacks into a mandatory pool, which clears at the market price according to the estimated demand. This first stage is called the daily market. After market clearance, the market