Engie Fined €100 Million for Abusing Its Dominant Position in French Energy Markets
Company: Engie S.A.
Summary
In March 2017, France's Autorité de la concurrence fined ENGIE €100 million for abusing its dominant position in gas markets. The authority found that ENGIE used its historical regulated-tariff customer database and related commercial infrastructure to promote market-price gas and electricity offers. It also found that ENGIE used a misleading commercial argument suggesting it could guarantee greater gas-supply security than competitors. ENGIE did not contest the facts and used the settlement procedure. Source: Autorité de la concurrence https://www.autoritedelaconcurrence.fr/fr/communiques-de-presse/lautorite-de-la-concurrence-sanctionne-engie-pour-avoir-abuse-de-sa-position