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EU to check if E.On's proposed grid sell-off will solve antitrust problems

EU to check if E.On's proposed grid sell-off will solve antitrust problems

German energy company E.On AG's fight with European Union regulators looks closer to an end. The European Union executive is saying it will check whether a plan to sell off E.On's power grid would eliminate antitrust problems.
The European Commission says E.On has offered to settle several ongoing antitrust cases in the electricity sector by selling off its transmission system network to an operator not involved in generating or supplying power. The company has also promised to divest 4,800 megawatts of generation capacity to rivals. The EU is investigating wide problems in the power sector where it criticizes former state-run monopolies for having what it says is too much control over the supply chain, keeping prices high and limiting much-needed investment to expand capacity.


Updated : 2021-04-15 01:38 GMT+08:00