EPEX SPOT to cooperate with European authorities on investigation of intraday markets in Central Western Europe
Paris, 30 March 2021. The European Commission has announced today it has opened formal proceedings to investigate the competitive behavior of EPEX SPOT regarding the intraday markets in Central Western Europe (Austria, Belgium, France, Germany, Luxembourg and the Netherlands). The opening of proceedings does not imply that EPEX SPOT has acted in breach of the EU competition rules.
As long as the investigation is ongoing, EPEX SPOT is not in a position to comment beyond the information published by the European Commission. EPEX SPOT is fully committed to cooperate in good faith with the authorities and to continue the constructive dialogue with the European Commission.
EPEX SPOT abides by EU rules and national legislation in all of the countries where the company conducts business. EPEX SPOT’s goal is to deliver transparent and reliable price signals for the electricity market, as well as to contribute to the development of the internal energy market – including a competitive European cross-border intraday market since its launch through the Single Intraday Coupling (SIDC) in June 2018. The intraday market is a key place of innovation for the decarbonisation of the energy sector and the EU Green Deal, as it fosters the integration of renewable energy sources into the power system.