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 - Scores of Lebanese join in a demonstration in Sydney in support of their fellow Lebanese citizens
NNA - Large crowds of the Lebanese community in Sydney staged a demonstration along “Martin Place” Street in downtown Sydney,...
NNA - Lebanese gather at Eiffel Tower Square in Paris
NNA - A large number of Lebanese community members gathered in the square in front of the Eiffel Tower in...
NNA - عريس في الذوق يشارك في الاعتصام قبل توجهه الى زفافه
وطنية - أفادت مندوبة 'الوكالة الوطنية للاعلام' كاتيا شمعون أن موقع الاعتصام في منطقة الذوق احتفل بحضور عريس قبل توجهه إلى حفل زفافه، حيث حمل على الأكتاف على وقع...
NNA - الاحتفال بعروسين في موقع الاعتصام على أوتوستراد الجية
وطنية - أفاد مندوب 'الوكالة الوطنية للاعلام' في إقليم الخروب أحمد منصور أن أهالي برجا أحضروا إلى موقع اعتصام المحتشدين على الاوتوستراد الساحلي في الجية، عروسا وعريسا من البلدة على...
NNA - Demonstrations continue in various Lebanese regions on Sunday
NNA – Protests against the cabinet's decision to slap a new series of taxes on Lebanese citizens continued to spark...
SANA - صور من دمشق
SANA - صور من دمشق
NNA - بحر من الناس في ساحة النور بطرابلس يشارك مارسيل خليفة أغانيه
وطنية - أفادت مندوبة "الوكالة الوطنية للاعلام" في طرابلس ليلى دندشي أن ساحة النور في طرابلس تحولت إلى مشهد غير مسبوق إنه بحر من الناس توافدت أمواجه منذ ساعات الصباح...
NNA - Solidarity stand by the Lebanese community in Barcelona
NNA - A number of Lebanese community members held a solidarity stand in Barcelona to protest against the living situation...
NNA - آلاف المواطنين يعتصمون على اوتوستراد جونيه
وطنية - افادت مندوبة الوكالة الوطنية للاعلام كاتيا شمعون "ان الالاف من الموطنين يحتشدون في هذه الاثناء على اوتوستراد جونيه المقفل على المسلكين، وسط الهتافات والاغاني الوطنية والرقص وحيث يرفرف...
NNA - Lebanese flag, hundreds of meters long, circles around demonstrators in Tripoli's Al-Nour Square
NNA - Protesters in Tripoli's Al-Nour Square raised a Lebanese flag hundreds of meters long, which circled around them across...
NNA - رفع علم لبناني بطول مئات الأمتار بشكل دائري حول المتظاهرين في ساحة النور بطرابلس
وطنية - أفاد مندوب "الوكالة الوطنية للإعلام" في طرابلس عبدالكريم فياض ان المحتجين في ساحة النور بطرابلس رفعوا علما لبنانيا بطول مئات الأمتار بشكل دائري حول المتظاهرين في الساحة، في...
SANA - كاميرا سانا في القاعدة الأمريكية بمنطقة السعيدية جنوب غرب منبج التي انسحبت منها قوات الاحتلال الأمريكي
حلب-سانا - دخلت كاميرا سانا إلى القاعدة الأمريكية بمنطقة السعيدية جنوب غرب منبج التي انسحبت منها قوات الاحتلال الأمريكي قبل أيام، ووثقت ما خلفه الاحتلال من معدات وأسلحة وذخائر أحرقها...
NNA - Popular crowd at Sassine Square exceeded expectations
NNA – Crowds of Lebanese continued to fill the Sassine-Achrafieh Square in Beirut, mostly of the young generation, which exceeded...
NNA - Crowds of Lebanese gather in Rmeish
NNA - A large number of demonstrators gathered in the town of Rmeish in the southern district of Bint Jbeil...
NNA - قفة تضامنية لابناء الجالية اللبنانية في برشلونة
وطنية - أفاد مندوب الوكالة الوطنية للاعلام في اسبانيا ان عددا من ابناء الجالية اللبنانية نفذوا وقفة تضامنية في برشلونة احتجاجا على الوضع المعيشي الذي وصلت اليه البلاد، وقد...
NNA - تحرك صيدا يجمع كل اللبنانيين الصليب بكف والقران بكف اخر وتحية وطنية من اعماق حديقة صيدون المائية
وطنية - افادت مندوبة الوطنية للاعلام في صيدا حنان النداف انه "لليوم الثالث على التوالي يتواصل تحرك صيدا السلمي والحضاري عند تقاطع إشارة ايليا والذي يشارك فيه كل اطياف المدينة...
NNA - Demonstrators fill Al-Alam Square in Tyre
NNA - The number of demonstrators increased in Al-Alam Square in the city of Tyre this afternoon, as demonstrators gathered...
HINA - HINA: Centre dedicated to meteorologist Andrija Mohorovicic opened in Volosko
ZAGREB, Oct 20 (Hina) - A centre dedicated to the life and work of the great Croatian scientist Andrija Mohorovicic...
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