Spain's competition watchdog probes Endesa for potential anti-competitive practices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 10 2024
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Source: reuters
- Spanish Competition Watchdog Investigating Endesa: The Spanish competition watchdog, CNMC, is investigating energy firm Endesa for potential abuse of its dominant position in the electricity distribution market.
- Complaints Against Endesa: Several complaints have been made against Endesa, alleging discrimination against competitors by favoring its own subsidiaries in various situations like equipment installation and rooftop systems.
- Authority Raid on Endesa Facilities: In June last year, CNMC raided two facilities of the Endesa group as part of the investigation.
- Endesa's Response: A spokesperson for Endesa stated that the company has provided all required information to the authority and will continue to collaborate with CNMC.
- Naturgy Under Investigation: CNMC also opened an investigation into rival utility Naturgy for possible anti-competitive practices in the electricity market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
