EU Probes PPC for Potential Antitrust Abuses in Greek Market

The European Commission opened a formal antitrust investigation to assess possible abusive behavior by Public Power Corp. in the wholesale Greek electricity market.

• The company may have “distorted competition and slowed downinvestment into the generation of greener energy,” Margrethe Vestager, the EU’s antitrust commissioner, says in an emailed statement
  
• Commission adds in statement that PPC may have restricted competition in the Greek wholesale electricity markets with its bidding behavior.
• “In particular, in light of PPC’s position both at
  wholesale and retail levels, it may have adopted predatory bidding strategies hindering the ability of
  PPC rivals to compete in the ...