Recent examples from Spain and France show that national regulators have slowly begun to clamp down on anticompetitive behaviour in wholesale gas markets.
Spanish competition watchdog CNMC announced last week that it had sanctioned two gas companies for breaching EU trading rules. It fined Galp €80,000 ($90,717) after it ruled the Portuguese company had been giving misleading price signals by buying small quantities of gas for day-ahead delivery in Spain at an artificially high level just before market close. Such behaviour is prohibited...
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