E.C. Resorts To Competition Law To Create Single Energy Market
August 22, 2006, 12:00 AM EDT
Law360, New York (August 22, 2006, 12:00 AM EDT) -- In May 2006, the European Commission carried out a number of unannounced inspections on energy companies in six Member States of the European Union. These raids, as they are commonly known in Brussels, are fact-finding missions launched when the Commission suspects that companies have breached E.C. competition rules.
They come in the wake of the Commission’s energy sector inquiry, whose preliminary conclusions, set out in a report made public in February 2006, revealed the existence of serious malfunctions affecting the E.U.’s gas and electricity markets. They...