The European Commission said
on Wednesday it has imposed an over 1.0 million
euro ($1.37 million) fine on Romanian operator of
the local power market OPCOM for discriminating
against EU electricity traders.
"The Commission also holds OPCOM's parent company
CNTEE Transelectrica S.A. liable for the
infringement," it said in a statement.
Transelectrica is the Romanian power grid operator
Transelectrica.
Between 2008 and 2013, OPCOM required members of
the spot electricity markets to have a Romanian
value added tax (VAT) registration, refusing to
accept traders that were already registered for
VAT in other EU member states, the European
Commission said in a statement.
As a result, traders from other European countries
could only enter the Romanian wholesale
electricity market by setting up a fixed
establishment in Romania, which entailed
additional costs and organisational disadvantages
for EU traders compared to Romanian traders, the
statement added.
The Commission opened the investigation in
December 2012.
Source: SeeNews
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