Romanian Competition Council imposed fines totaling 15.8 million euros to six companies, which were found guilty of setting up two anti-competition deals for the sale of smart metering products and additional equipment in the electricity sector.
The biggest fine in the amount of 5.9 million euros was imposed to Landis+Gyr AG. The other fined companies include Ecro (113,709 euros), Electromagnetica (2.1 million euros), Elster Rometrics (2.4 million euros), Energobit (2.8 million euros) and Electrica (2.3 million euros).The investigation, which started in 2015, found that AEM, Energobit, Elster Rometrics, Landis+Gyr and Ecro were engaged in talks to split between themselves the tenders organized by electricity distribution operators such as E.On, Enel, CEZ and Electrica.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: cartel, Comptetition Council, Electrica, electricity, electricity meters, investigation, Romania, Tender