The Italian Competition Authority accepts commitments and closes investigations into Sicilian power prices (Sicilian power prices)

Italy: The Italian Competition Authority (ICA) accepts Commitments and closes Investigations into Sicilian Power Prices* On 10 January 2011, the ICA decided to close two different investigations into the major electricity companies operating in Sicily. The investigations concerned the electricity wholesale short-term prices in Sicily, which were very high as compared with the rest of Italy, in the years 2008 and 2009. The proceedings were opened on the basis of a report of the Italian Electricity and Gas Regulator (AEEG) focusing on the evolution of the wholesale electricity prices in the Day-ahead auction at the Italian Power