German Antitrust Group Says Power Market Vulnerable

Law360, New York (January 13, 2011, 2:27 PM EST) -- Germany's antitrust watchdog said Thursday that the country's electricity sector remains unsatisfactory, with only four companies holding the vast majority of the market for first-time sales.

Germany's Cartel Office, or Bundeskartellamt, did not find any specific abuses in its report on competition and pricing in the country's electricity production and wholesale markets in 2007 and 2008. But the regulator warned that the state of affairs in the industry was conducive to market manipulation.

Four companies — RWE AG, E.ON AG, Vattenfall AB and EnBW AG —...
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