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Suspected gas price fix investigated by Brussels

brussels bureau

Suspected gas price fix investigated by Brussels


A suspected pricing deal between two of Europe’s biggest energy companies is being investigated by the European Commission. E.on of Germany and Gaz de France are thought to have colluded on supplying energy in each other’s country at an agreed price. Any such mutual pricing deals would threaten Brussels’ attempts to liberalise the energy market, and cut prices paid by business and private customers.

Several European energy ministers, including France’s Jean Louis Borloo, published an open letter to the Financial Times newspaper, denouncing the Commission’s plans to separate the production of energy, and its supply. Brussels has already bared its teeth. Last year, the Commission openly criticised 16 member states who had failed to liberalise their energy markets. Further reforms are under discussion, and will be unveiled in the autumn..

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