Press Release: Antitrust: Commission sends Statement of Objections to Romanian Power Exchange OPCOM

The European Commission has informed OPCOM S.A. and its parent company CNTEE Transelectrica S.A. of its objections regarding OPCOM's business practice of requiring OPCOM's electricity spot market participants to hold a Romanian VAT registration. The Commission takes the preliminary view that OPCOM, the operator of the only power exchange in Romania, is discriminating against companies on the basis of their nationality/place of establishment, in breach of EU antitrust rules. The sending of a statement of objections does not prejudge the final outcome of the investigation.