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EU antitrust regulators have carried out dawn
raids on energy companies in six EU countries on suspicion of abusing
their market power.

The raids, which were made on Tuesday 16th May
by officials from the relevant national regulators, targeted gas
groups in Austria, Belgium, France, Germany, and Italy and electricity
firms in Hungary.
The EU said in its statement: The commission
has reason to believe that the companies concerned may have violated
(EU) antitrust rules that prohibit restrictive business practices
and/or abuse of a dominant market position,
Whilst the EU executive did not name the firms
that had been visited, Austrian energy firm OMV, Belgian gas groups
Fluxys and Distrigas, German utilities RWE and E.ON, French state-controlled
Gaz de France, Italian energy group ENI and Hungarian state-owned
power supplier MVM all said that they had received inspections.
EU Commission spokesman Jonathan Todd stressed
that the raids, which mark the first steps in probes into suspected
anti-competitive practices, did not necessarily mean that the companies
were guilty of breaking EU law.
Inspectors were looking for evidence that the
gas companies had restricted access to pipelines and storage facilities
and agreed to divide the market.
Brussels has long complained about a lack of
competition among EU energy companies and earlier this year warned
that it would use its antitrust powers to crack down on companies
it considered to be blocking competition.
The threat came after the commission uncovered
serious malfunctions in the energy market during an
ongoing sector-wide inquiry.
Several months are now likely to be needed before
the EU regulators decide to lodge formal charges against the companies
targeted by the raids.
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