The Hellenic Competition Commission (HCC) has carried out unannounced inspections, or “dawn raids,” at the premises of companies operating in the electricity generation and wholesale supply markets. These inspections form part of the HCC’s ex officio investigation into suspected anti-competitive practices in these markets.
The investigation focuses on potential horizontal agreements or concerted practices that may prevent, restrict, or distort competition, in breach of Article 1 of Law 3959/2011 on the Protection of Free Competition and Article 101 of the Treaty on the Functioning of the European Union (TFEU). These practices may include direct or indirect price-fixing, setting trading conditions, or limiting production or distribution. The HCC is also examining possible abuse of a dominant position under Article 2 of Law 3959/2011 and Article 102 TFEU, including the imposition of unfair prices or trading conditions and the limitation of electricity generation or supply.
Unannounced inspections allow the collection of evidence and do not imply that the inspected undertakings have engaged in anti-competitive conduct, nor do they prejudge the outcome of the investigation. The HCC is conducting the investigation with the support of the Regulatory Authority for Waste, Energy and Water as part of a coordinated effort between the two independent authorities. The Regulatory Authority has also initiated its own ex officio investigation into possible violations of the REMIT Regulation, which governs wholesale energy market integrity and transparency.
The HCC enforces Greek and EU competition rules rigorously and offers a leniency programme that provides immunity or reductions in fines and sanctions for undertakings and individuals who come forward with information on cartel activity. Undertakings found guilty of cartel involvement may face significant fines, criminal sanctions for responsible individuals, and exclusion from public tenders or concession contracts for three years. The HCC remains committed to ensuring transparency, fairness, and the protection of competition in Greece’s energy markets.