EU suspects Bulgarian energy firm of market abuse

The European Commission said Bulgarian Energy Holding (BEH) may have breached EU anti-trust rules by hindering competitors’ access to the nation’s gas network. It has sent a “statement of objections” to the state-owned energy company and its subsidiaries Bulgargaz and Bulgartransgaz. BEH is a vertically-integrated firm and its subsidiaries own or control the domestic Bulgarian […]

Ofgem given powers to tackle energy market manipulation

Energy regulator Ofgem has been given new powers to protect wholesale gas and electricity markets from abuse. The watchdog will now be able to access information, inspect premises and impose unlimited fines for those who break the law as part of the EU Regulation of Wholesale Energy Markets and Transparency (REMIT) and will come into […]