The Spanish Competition Authority fines for the third time an electric utility for excessively high prices (Iberdrola Castellón)

The time has come for Spanish main utilities to carry out a serious competition law assessment before putting a price to the power they offer within the framework of the Spanish electricity market. Spanish antitrust authorities have fined for the third time in a row a major utility on grounds of a very particular abuse of a dominant position. According to the Competition Court, such abuse consisted in offering its electricity at such a high price that it remains unsold in order to have some unused capacities and, if the demand is not fulfilled in a given regional market, in selling those underused capacities at the local level and at the price originally asked. This kind of practices would be difficult to implement in an unregulated competitive market. In that case, pricing to high

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Aitor Montesa Lloreda, The Spanish Competition Authority fines for the third time an electric utility for excessively high prices (Iberdrola Castellón), 8 mars 2007, e-Competitions Due Process Research Program, Art. N° 13345

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