EU Probes Bulgarian Energy Holding Over Market Restrictions

Law360, New York (December 3, 2012, 1:29 PM EST) -- The European Union's antitrust watchdog is investigating whether Bulgarian Energy Holding EAD breached EU competition laws by abusing its dominant position in Bulgaria's market for wholesale electricity, the regulator said Monday.

The European Commission's competition office said it had opened a formal probe into the state-owned company's possible use of territorial restrictions that barred buyers of wholesale power from selling it in certain places.

For instance, some trading partners couldn't deliver BEH-originated power to customers outside Bulgaria, the regulators said.

"These contractual provisions may constitute territorial...
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