Endesa hit with 5.5 million euro fine by Spain's competition authority over bad faith advertising
( June 24, 2019, 21:09 GMT | Official Statement) -- MLex Summary: Spain's competition authority has hit Endesa Energia XXI with a fine of 5.5 million euros for breaching national competition law. The enforcer found the energy company acted in bad faith when using advertisements to move vulnerable consumers benefitting from regulated prices to the non-regulated side of its business. That distored competition, investigators found, following a complaint by the Associació de Gremis d’Instal.ladors de Catalunya.See attached decision in Spanish. Press release follows in Spanish:...
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