Spain’s National Commission of Markets and Competition (CNMC) expressed its concern on Monday regarding the current prices of electric power in the country, considering them to be “high… despite being a temporary situation.” For this reason, the agency will conduct a behavioral analysis “to ensure that the market is working correctly.”
The Secretary of State for Energy, José Domínguez Abascal, celebrated the action announced by the CNMC, providing assurances that his ministry will support this task “as far as necessary.”
“There has indeed been a significant alteration of prices in recent months and we must have a clear explanation of why this is happening,” said Dominguez Abascal. The price of electricity in the Spanish market closed in June with an average price of €58.6 / MWh (US$68.35 / MWh), an increase of 16.41% over the previous year.
Full Content: Europa Press
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CMA Fines Tereos £25,000 for Failing to Provide Key Information in Merger Probe
Sep 27, 2024 by
CPI
Google Defends Its Role in Online Advertising Market in Antitrust Trial
Sep 27, 2024 by
CPI
Musk’s X Requests Brazil Supreme Court to Resume Service After Shutdown
Sep 26, 2024 by
CPI
Visa Acquires AI Firm Featurespace to Enhance Fraud Prevention
Sep 26, 2024 by
CPI
Visa Gears Up for Legal Fight with DOJ Over Debit Card Monopoly Allegations
Sep 26, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh