Download AMAN Application from Apple store and Google play                                Follow us on : Twitter - Facebook - YouTube - Instagram

STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
MedNEWS HOME
NNA - Au 30ème jour de la Révolution : réouverture des routes et d’autres restent toujours bloquées
ANI-Au 30ème jour de la«révolution du 17 octobre»Au Liban,la plupart des routes ont été rouvertes vendredi à la circulation...
ATA - 'Msc Sinfonia' cruiser with some 2 thousand foreign tourists aboard visits Saranda
TIRANA, November 14/ATA/- The coastal city of Saranda continues to be the main destination for foreign tourists even in November...
NNA - منتخب لبنان يستعد لمباراة كوريا الشمالية في تصفيات مونديال قطر
وطنية - يستأنف لاعبو منتخب لبنان في كرة القدم تحضيراتهم للمباراة مع كوريا الشمالية المقررة الساعة السابعة مساء الثلاثاء 19 تشرين الثاني على ملعب مدينة كميل شمعون الرياضية، في المرحلة...
ATA - First Novotel brand hotel in Tirana, a partnership of “Accor” with Albanian Bolv-Oil Group
TIRANA, November 13/ATA/-The French multinational company “AccorHotels” plans to enter the Albanian market with the “Novotel” hotel. ...
NNA - بطولة السفير الكوري الجنوبي في التايكواندو
وطنية - نظم الاتحاد اللبناني للتايكواندو ;بطولة السفير الكوري الجنوبي; للناشئين والناشئات والفتيان والفتيات في نادي "مون لاسال" عين سعادة.
افتتحت البطولة بالنشيد الوطني ثم النشيد الكوري الجنوبي، وبعدها كلمة لرئيس...
ATA - Employment of youth/More budgetary support for vocational education
TIRANA, November 14/ATA/- Albania’s Minister of Finances and Economy Anila Denaj said on Thursday that the government is focused on...
NNA - معرض In With The New في أرتوال غاليري لفنانين اميركيين معاصرين
وطنية - افتتح في صالة عرض 'أرتوال غاليري' في وسط بيروت معرضا بعنوان "In With The New" من تنسيق Art of Choice (منصة إستشارية فنية تحريرية)، يتضمن أعمال 12 فنانا...
ATA - Third quarter 2019/ Tirana has highest natural increase of population
TIRANA, November 14/ATA/- The natural increase of population for the third quarter of 2019 reflects a decrease by 17.1 %...
NNA - كلودين عون روكز شاركت في قمة نيروبي :إنتفاضة النساء من أجل المساواة ستضمن التزام الحكومة اللبنانية بالبيان
وطنية - مثلت رئيسة الهيئة الوطنية لشؤون المرأة السيدة كلودين عون روكز، لبنان في قمة نيروبي بشأن المؤتمر الدولي للسكان والتنمية 25، حيث اجتمع قادة العالم والمجتمع المدني والقطاع الخاص...
ATA - Vetting/ Chief justice of Kukës district court dismissed
TIRANA, November 14/ATA/- The Independent Qualification Commission held on November 12 a hearing with the subject of re-assessment, Isuf Shehu,...
NNA - حملة توعية حول شلل الأطفال لنادي روتاري ساحل المتن
وطنية - نظم 'نادي روتاري' - ساحل المتن حملة توعية على اهمية التلقيح ضد شلل الأطفال في 'مركز قره كوزيان لرعاية الأطفال' في برج حمود، تحت شعار 'لا لشلل الأطفال'...
CNA - الرئيس القبرصي يشدد على الارادة السياسية في اجتماع برلين والحكومة تدين محاولة الحفر الجديدة لأنقرة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أكد رئيس الجمهورية نيكوس أناستاسياديس اليوم الجمعة عزمه وإرادته السياسية لحضور اجتماع برلين في وقت لاحق من هذا الشهر مع الأمين...
Lusa - Business News - Portugal: Lisbon stocks close lower for third consecutive session
Lisbon, Nov.15,2019 (Lusa)-The Lisbon Stock Exchange closed Friday lower for the third straight session with the PSI20 index losing 0.13%...
Lusa - Business News - Portugal: Madeira Rum matured underwater removed from sea
Caniçal, Madeira, Nov.15,2019(Lusa)-The first batch of 242 of 605 bottles of "Rum Agrícola Madeira 970 Reserva" from the Engenhos do...
CNA - غوتيريس يحذوه الأمل في تحقيق تسوية قبرصية دائمة
وكالة الأنباء القبرصية - نيويورك / الأمم المتحدة - ا زوبانيوتيس
قال الأمين العام للأمم المتحدة أنطونيو غوتيريس أن الأمل مازال يحذوه في إمكانية التوصل إلى تسوية دائمة للمشكلة القبرصية، وحث...
Lusa - Business News - Portugal: Lithium mining concessions 'crystal clear'- Environment Minister
Vila Real, Portugal,Nov.15,2019 (Lusa)–The Minister of the Environment said on Friday that the process of granting lithium mining concessions in...
Lusa - Business News - Macau: Economy shrinks 3.5% between January - September
Macau, China, Nov.15,2019 (Lusa) - According to estimates by Macau’s Statistics and Census Service (DSEC) on Friday, the economy experienced...
Lusa - Business News - Mozambique: Incoming investment can raise rating in financial markets - Minister
Maputo, Nov. 15, 2019 (Lusa) – Mozambique’s minister of trade and industry on Friday said that the entry of foreign...
Lusa - Business News - Angola: Difficulty in getting money out, bureaucracy hinder US investment
Luanda, Nov. 15, 2019 (Lusa) - Difficulties in repatriating dividends and tax disputes continue to be factors that constrain US...
Lusa - Business News - Angola: Banks no longer require travel documents to withdraw foreign currency
Luanda, Nov. 15, 2019 (Lusa) - Angolan banks will no longer require customers to present proofs of travel to access...
Lusa - Business News - Portugal: Authority reiterates flight safety as priority at Madeira airport
Funchal, Portugal, Nov. 15, 2019 (Lusa) - The president of Portugal's National Civil Aviation Authority (ANAC) on Friday said that...
Lusa - Business News - Portugal: Galp announces tenth floating oil, gas production unit in Brazil
Lisbon, Nov. 15, 2019 (Lusa) – Galp Energia, Portugal's leading oil and gas company and a major generator of power,...
Lusa - Business News - Portugal: Farfetch loses $86M in Q3
Lisbon,Nov.15,2019(Lusa)–Farfetch lost $85.5 million in the third quarter of this year, 10.6% more than those found in the same quarter...
Lusa - Business News - Portugal: PM stresses that country is moderate, constructive on European budget
Stockholm, Nov.15,2019 (Lusa)–Portugal’s prime minister has said in Stockholm, at the start of a meeting with his Swedish counterpart Stefan...
Lusa - Business News - Mozambique: Group kills locals, halts gas megaprojects works - witnesses
Palma, Mozambique, Nov. 15, 2019 (Lusa) - An attack by an armed group on a coastal village in northern Mozambique...
Lusa - Business News - Angola: Government working to improve its position in 'Doing Business'
Luanda,Nov.14,2019 (Lusa)-The Angolan government is working towards full operation of the stock exchange, one of the new criteria for assessing...
CNA - نيقوسيا تدين الاعلان الأحادي غير الشرعي للاستقلال وتدعو إلى مواصلة الكفاح من أجل إعادة توحيد قبرص
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أدانت نيقوسيا مرة أخرى إعلان الاستقلال من جانب واحد الذي قام به الأتراك في 15 تشرين الثاني / نوفمبر 1983، والذي...
Lusa - Business News - Portugal: PSI20 opens 0.31% up at 5,290.92 points
Lisbon, Nov. 15, 2019 (Lusa) – The Lisbon stock exchange opened in positive territory on Friday with the main benchmark...
CNA - عواصف رعدية محتملة فوق الجزيرة اليوم
وكالة الأنباء القبرصية - t/قبرص / نيقوسيا - مهى ميخائيل
أصدرت دائرة الأرصاد الجوية القبرصية تحذيراً باللون الأصفر من عاصفة رعدية متوقعة اليوم الجمعة.
يسري التحذير من الساعة 09:00 بالتوقيت المحلي وحتى...
CNA - تقرير الأمين العام للأمم المتحدة حول مهمة المساعي الحميدة في قبرص سيصدر اليوم
وكالة الأنباء القبرصية - نيويورك / الأمم المتحدة - ا زوبانيوتيس
قال المتحدث باسم الأمين العام ستيفان دوياريك أن إن تقرير الأمين العام للأمم المتحدة حول مهمة المساعي الحميدة في قبرص...
Lusa - Business News - Portugal: Top headlines on Friday
Lisbon, Nov. 15, 2019 (Lusa) – Portugal’s victory over Lithuania and the mother who abandoned her baby in a rubbish...
Lusa - Business News - Portugal: Electricity company practices cost consumers €140M - Authority




Lisbon, Sept. 19, 2019 (Lusa) - Portugal’s power utility, EDP Produção, market practices have led the Competition Authority to impose a fine of €48 million on Wednesday as they cost consumers €140 million, the regulator said.
"It is estimated that the practice of EDP Produção has generated for the national electricity system and, therefore, damage for consumers, of around €140 million," said a supplementary statement of the Authority.
Through the document, which contains some explanations about the €48 million fine applied to EDP Produção due to abuse of a dominant position, the Authority recalls that the amount of the fine is one of the highest ever applied by them on an individual company.
The purpose of the Authority’s penalty proceedings and, consequently, the fines imposed, is not to compensate for damages, but rather to punish breaches of the legal framework of the competition, dissuading companies from future infringements, as well as to put an end to the practices in question, the authority said.
This fine, according to the Authority, resulted from a report by ENSE - Energy Services Regulatory Authority in 2013 addressed to the Authority, which described the behaviour of EDP Produção in the secondary regulation band market as using market power.
In 2013, the Authority recalled that it notified the government about the CMEC - Maintenance Costs of Contractual Balance, which resulted in a mandate to REN to carry out an audit to determine and quantify the distortions in the secondary regulation band market.
The audit, carried out by The Brattle Group, was concluded in 2016, which led to the start of the investigation by the Authority.
The Authority clarified that the fine imposed is not about the existence of the CMECs, but rather about the (abusive) use that was made of the respective regime in favour of the company and to the detriment of consumers.
The CMECs was a mechanism created by the government in 2004 to guarantee power plants a remuneration equivalent to that which they could obtain in exchange for the early termination of the Power Purchase Agreements they had signed with the System Manager, REN.
This operation was carried out through a strategy of restricting the supply of capacity, which allowed it to benefit from higher public prices and compensation, with evident prejudice to national consumers.
The Authority also stated that its investigation does not imply overlap with the investigation of the Parliamentary Commission of Inquiry into CMECs or with the criminal investigation of the Public Prosecutor's Office" since it was carried out "in the light of competition law.
The fine also opens the possibility of any person (natural or legal) who has suffered damage caused by a violation of Competition Law going to the courts to seek compensation, the Authority said.
Contacted by Lusa, EDP's official source, said that the company had already been notified of the €48 million fine applied by the Authority to EDP Produção, and is currently analysing it.
JE/IMYN // ADB.
Lusa


Agency : LUSA

Date : 2019-09-20 08:53:32







 

Copyright © Alliance of Mediterranean News Agencies 2017