The Italian Competition Authority blocks a merger in electricity market of Italy’s smallest region and suggests the region to remove existing regulatory barriers to reconsider its assessment (Compagna Valdostana delle Acque / Deval / Vallenergie)

Introduction On the 4th of August 2011 the Italian Competition Authority (hereinafter «ICA«) brought a phase II merger to an unusual conclusion [1]. The proceeding was opened in order to assess competition issues arising from a proposed merger involving electricity operators active in the markets for low-voltage retail electricity sales to consumers («domestic clients«) and small undertakings («non-domestic clients«) based in Valle d'Aosta (the smallest region of Italy). According to ICA's decision, the merger would have created a substantial monopoly in the relevant markets since the post-merger entity would have achieved a nearly 100% share in terms of the number of points served in the domestic market and a 90+% share in the non-domestic market for low-voltage connections. ICA has

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Ernesto Razzano, The Italian Competition Authority blocks a merger in electricity market of Italy’s smallest region and suggests the region to remove existing regulatory barriers to reconsider its assessment (Compagna Valdostana delle Acque / Deval / Vallenergie), 8 August 2011, e-Competitions Bulletin Energy & Mergers, Art. N° 39275

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