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March 15, 2010
Swedish power grid monopoly faces EU competition probe
Published: 23 Apr 09 13:43 CET
Online: http://www.thelocal.se/19040/20090423/
Dictionary tool Double click on a word to get a translation
Sweden's state-owned power grid operator is to be subjected to an antitrust probe over suspicions that it abused its monopoly, the European Commission announced on Thursday.
- Sweden plans 2,000 wind turbines (2 Mar 10)
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It voiced concerns that SvK was trying to relieve congestion in the Swedish network at the expense of consumers in other countries, "thereby hindering the proper functioning of the single market in electricity."
"The commission has therefore opened a formal antitrust investigation into whether such practices indeed exist and whether they may constitute an illegal abuse of a dominant market position," it said.
The commission said that opening proceedings against SvK did not necessarily mean that it had broken EU antitrust rules, but only that the case would be dealt with as a matter of priority.
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