The European Commission has imposed fines totalling € 5,979,000 on the two leading European spot power exchanges, EPEX Spot ("EPEX") of France and Nord Pool Spot (NPS) of Norway for breaching EU antitrust rules. The two companies had agreed not to compete with one another for their spot electricity trading services in the European Economic Area (EEA). Bothe NPS and EPEX received a fine reduction of 10% each for agreeing to settle the case with the Commission.

As Joaquín Almunia, Commission Vi...

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