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NNA - UN in Lebanon scales up efforts to respond to key gender issues related to the COVID-19 outbreak
NNA-In Lebanon,the COVID-19pandemic has hit the country at a time of instability.In this context, its secondary effects on domestic violence,...
Lusa - Business News - Covid-19: Council of Ministers
Prime Minister António Costa speaks to journalists during the press conference held at the end of the Council of Ministers...
NNA - لجنة جبران اعلنت عن اصدار كتاب جديد لجبران
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ATA - 110 405 individuals benefited ALL 40 thousand payment under Extended Package, 64 964 individuals received “wartime payment”
TIRANA, May 29 / ATA / - Taxation Administration Director General, Delina Ibrahimaj, as part of a tour of direct...
NNA - On International Peacekeepers Day, UNIFIL salutes women’s participation in peace building and conflict resolution
NNA - UNIFIL today observed the International Day of UN Peacekeepers at its headquarters in Naqoura, ...
MAP - Four Moroccans At IOC Commissions
Lausanne-May29,2020-(MAP)-Morocco will be represented by four members at the commissions of the International Olympic Committee (IOC). ...
NNA - Ministry of Health announces four new COVID-19 cases
NNA - The Ministry of Public Health announced this Friday four new coronavirus infections, 3 of them locally detected...
MAP - Covid-19: Morocco Very Close to Success Zone, HCP
Casablanca-May28,2020-(MAP)-Morocco, after all the intense efforts made to contain the spread of covid-19,is very close to the "zone of success"...
NNA - التقرير اليومي لمستشفى الحريري عن اخر المستجدات حول الفيروس
وطنية - اصدر مستشفى رفيق الحريري الجامعي التقرير اليومي عن آخر المستجدات حول فيروس كورونا / Covid-19 وجاء فيه :"التقرير يبين بالأرقام الحالات المتواجدة في مناطق العزل والحجر داخل المستشفى...
ATA - COVID-19/ Ministry of Health: 23 new cases and 28 cured ones in last 24 hours
TIRANA,May 29/ATA/-In the last 24 hours, 276 citizens suspected of infected with COVID-19 have been tested of whom 23 cases...
NNA - L'ambassadeur de France, Bruno Foucher : La France est attachée au Liban et à son armée
ANI - L'ambassadeur de France, Bruno Foucher, s’est rendu, hier jeudi, au Quartier général du commandement militaire de l'armée libanaise...
MAP - Industry: Output Price Index Down 0.1% in April 2020 (HCP)
Rabat-May 29,2020-(MAP)-The output price index of the "manufacturing industries excluding petroleum refining" sector recorded a drop of 0.1% during the...
NNA - وزارة الصحة: 4 إصابات جديدة
وطنية - سجلت وزارة الصحة العامة 4 حالات كورونا جديدة، رفعت العدد التراكمي الى 1172 اصابة.

(مراجعة الصورة البيانية)
MAP - Post-coronavirus: La relance passe par le soutien à 'l'économie de proximité'
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NNA - Liban : Quatre nouveaux cas confirmés de Covid-19
ANI–Le ministère de la Santé a enregistré quatre nouveaux cas confirmés de coronavirus (Covid- 19) au cours des dernières 24heures,...
MAP - L’Humanité serait-elle aux portes d’une nouvelle ère 'post-coronavirus' ?
Par : Mohamed Amine HARMACH
Rabat -29 mai 2020- (MAP)- A travers l'histoire, les philosophes, les écrivains et les intellectuels en...
CNA - المتاحف والمواقع والمعالم الأثرية في قبرص تفتح أبوابها مجدداً في الأول من يونيو
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
تقرر إعادة فتح جميع المتاحف والمواقع والمعالم الأثرية في قبرص التي تم إغلاقها أمام الجمهور بسبب جائحة كورونا اعتباراً من الأول...
CNA - GDP growth rate at 0.8% in Q1 2020, CyStat estimates
CNA-Cyprus/NICOSIA-GDP growth rate in Cyprus based on seasonally and working day adusted data in real terms in the first quarter...
CNA - Cyprus general government balance in January – April turns negative due to COVID-19
CNA-CYPRUS/Nicosia-The Cyprus General Government generated a deficit of €73 million or 0.4% for the period of January – April 2020,...
Lusa - Business News - Portugal: SATA Azores airline group closes 2019 with €53M loss, similar to 2018
Ponta Delgada,Azores,May 29,2020(Lusa)-The SATA group closed the year 2019 with losses of €53 million, a similar figure to that recorded...
CNA - إصابة واحدة حصيلة فيروس كورونا اليوم في قبرص
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أعلنت السلطات القبرصية عن إصابة جديدة بفيروس كورونا، وبذلك يصل إجمالي عدد حالات الإصابة منذ 9 آذار/مارس إلى 942 حالة. ...
Lusa - Business News - Portugal: PSI20 stocks close Friday session off 1.14% in line with Europe
Lisbon,May 29,2020(Lusa)–The PSI20, the main index of the Lisbon stock market, closed Friday with a decline of 1.14% to 4,330.67points,...
Lusa - Business News - Cabo Verde: PM announces easing of lockdown measures, flights from June 30
Praia,May 29,2020(Lusa)-Cabo Verde's prime minister announced on Friday a plan to lift the ban on air links from June 30...
Lusa - Business News - Portugal: Porto council accuses TAP of 'colonialist' view of north of country
Porto, May 29, 2020 (Lusa) - Porto City Council said on Friday that the TAP statement proves the airline's "colonialist"...
Lusa - Business News - Portugal: Semapa's profit drops 56.7% compared to Q1 of 2019 to €17.2M
Lisbon, May 29, 2020 (Lusa) – Portugal’s paper, pulp, cement and environment conglomerate, Semapa reported profits of €17.2 million in...
Lusa - Business News - Portugal: 'Limits on bank charges could prejudice consumers' - Mastercard
Lisbon, May 29,2020(Lusa)–The director of Mastercard Portugal said on Friday in parliament that laws on bank fees may not achieve...
CNA - الرئيسان اناستاسياديس والسيسي يتفقان أن الوباء أظهر الحاجة إلى المزيد من التعاون بين الدول
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
ذكر نائب المتحدث باسم الحكومة بانايوتيس سينتوناس أن الرئيس القبرصي نيكوس أناستاسياديس والرئيس المصري عبد الفتاح السيسي اتفقا خلال محادثة هاتفية...
Lusa - Business News - Portugal: 'Money from EU not everything, we need the economy to restart' - president
Lisbon,May 29,2020(Lusa)-The President of Portugal on Friday said that EU support to minimise the effects of Covid-19 "helps a lot",...
CNA - رئيسة قوة الأمم المتحدة لحفظ السلام في قبرص تكرم 26 من ضباط شرطة الأمم المتحدة بمناسبة اليوم العالمي لحفظة السلام
ΚΥΠΕ - قبرص / نيقوسيا - مهى ميخائيل
حيت الممثل الخاص للأمين العام للأمم المتحدة ورئيسة قوة الأمم المتحدة لحفظ السلام في قبرص إليزابيث سبيهار، اسهام 26 من أفراد شرطة الأمم...
Lusa - Business News - Portugal: Covid-19 deaths total 1,383 to Friday; 31,946 infections
Lisbon,May 29,2020 (Lusa)-Portugal until Friday, has seen 1,383 deaths related to Covid-19, 14 more than on Thursday and 31,946 infected,...
Lusa - Business News - Portugal: António Mexia, João Manso Neto call for judge to be replaced
Lisbon,May 29,2020(Lusa)-The defence lawyers of António Mexia and João Manso Neto requested on Thursday the removal of Judge Carlos Alexandre...
Lusa - Business News - Portugal: Almost 80% of accommodation sees bookings cancelled
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Lusa - Business News - Guinea-Bissau: Cashew campaign failure could lead to hunger - UN
Bissau, May 29, 2020 (Lusa) - A failure in the cashew campaign in Guinea-Bissau, due to the new coronavirus pandemic,...
CNA - الرئيس اناستاسياديس: مصر واحدة من أقرب الأصدقاء لنا وشريك استراتيجي
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قال الرئيس نيكوس أناستاسياديس الذي تحدث اليوم الجمعة عبر الهاتف مع نظيره المصري عبد الفتاح السيسي إن "مصر واحدة من أقرب...
Lusa - Business News - Portugal: Valença, Tui mayors issue urgent appeal to reopen cross-border bridge
Valença, Portugal, May 29,2020 (Lusa)-The mayors of Valença, in Portugal's Alto Minho region, and Tui, in Spain's province of Galicia,...
Lusa - Business News - Portugal: SATA resumes Lisbon-Azores link on 15 June
Ponta Delgada, Portugal, May 29, 2020 (Lusa) - Portuguese Azores Airlines, part of the SATA group, is to resume flights...
Lusa - Business News - Guinea-Bissau: Covid-19 stops teaching, boosts emigation
Bissau, May 29,2020 (Lusa) - Many children in Guinea-Bissau may not return to school and migration is expected to increase...
Lusa - Business News - Portugal: President hopes European Council will match Commission's courage
Almada, Portugal, May 29, 2020 (Lusa) - Portugal's president, Marcelo Rebelo de Sousa, has said that he hoped the European...
Lusa - Business News - Mozambique: Armed group attacks major town in Cabo Delgado
Maputo,May29,2020(Lusa)-An armed group has attacked the town of Macomia, the main town in the centre of Cabo Delgado province in...
Lusa - Business News - East Timor: Australia's Santos takes over ConocoPhillips assets in Timor Sea
Dili, May 29,2020 (Lusa)- Santos, an Australian oil company, has completed the acquisition of ConocoPhillips' assets in the Timor Sea,...
CNA - الرئيس التنفيذي لمطارات هيرميس: المطارات القبرصية جاهزة لاستقبال الركاب
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
صرحت الرئيس التنفيذي لمطارات هيرميس إيليني كالوييرو لوكالة الأنباء القبرصية أن مطاراي لارنكا وبافوس جاهزان لاستقبال الركاب بعد اتخاذ جميع إجراءات...
Lusa - Business News - Portugal: PSI20 opens 0.25% down at 4,369.86 points
Lisbon, May 29, 2020 (Lusa) - The Lisbon Stock Exchange opened on Friday in negative territory, with the main index,...
Lusa - Business News - Portugal: Top headlines on Friday
Lisbon,May 29,2020(Lusa)–The possibility of Lisbon shopping centres not being able to reopen yet is on most of the front pages...
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







 

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