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Portugal: EDP to appeal competition fine

By  |  September 19, 2019

Portugal’s electricity utility EDP said Thursday it plans to appeal a Eur48 million ($53 million) fine handed to it Wednesday by competition authority Autoridade da Concorrencia (AdC) for abuse of a dominant market position for secondary power reserve services.

AdC handed EDP the fine after it found EDP Producao had “manipulated its offer” of secondary reserve balancing services between 2009 and 2013, limiting availability of generating units subject to the Custos de Manutencao do Equilibrio Contratual (CMEC) regime, “so as to increase the offer from its units in the open market, thus being paid twice, to the detriment of consumers.”

EDP refuted the finding and the fine, which it said lacked “factual, legal and economic grounds.”

Full Content: S&P Global

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