French Watchdog Hits EDF With $18.6M Market Abuse Fine

Law360, New York (December 18, 2013, 3:32 PM EST) -- France’s antitrust regulator cracked state-owned Electricite de France International SA with an €13.5 million ($18.6 million) fine Tuesday, finding the utility exploited its market dominance to give its residential solar energy business an edge over competitors.

The Autorite de la Concurrence sustained complaints from solar power generation rival Solaire Direct that EDF had abused its dominant position in the French electricity market and furnished its subsidiary EDF Energies Nouvelles Reparties with irreproducible competitive advantages.

The competition authority determined that between 2007 and 2009 EDF had used...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.