Glossary of competition terms

This Glossary matches the list of keywords used by Concurrences search engine. Each keyword is automatically updated by the most recent EU and national case laws from the e-Competitions Bulletin and Concurrences Review. The definitions are excerpt from DG COMP’s Glossary of terms used in EU competition policy (© European Union, 2002) and the OECD’s Glossary of industrial organisation economics and competition law (© OECD, 1993).

Universal service

In European law and policy, the concept of Universal Service Obligations refers to a set of general interest requirements ensuring that certain services are: (i) available throughout a certain territory (e.g. the territory of a Member State) for all consumers and users, independently of their geographical location (geographical component); (ii) at a specified quality, often including inter alia regularity/continuity of service (technical component; and (iii) at an affordable price, in the light of specific national conditions (economic component). The Universal Service concept has been developed specifically for some of the network industries (e.g. telecommunications, postal services, electricity) and due to its nature it will usually, though not necessarily, refer to services which are provided on the basis of some kind of network. © OECD