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July 31, 2007 Tuesday Rajab 15, 1428





Action against energy firms


BRUSSELS, July 30: The EU's top regulator on Monday began formal antitrust proceedings against German energy group E.ON and French gas company Gaz de France for their suspected breach of restrictive practice rules.

The EU's action is part of an ongoing campaign to clean up commercial practices in the European gas and electricity markets. The proceedings by the European Commission “focus on a possible agreement or concerted practice between E.ON and Gaz de France to keep out of each other's home market, even after the liberalisation of the European gas markets,” the Commission said in a statement.— AFP






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