The Greek Competition Authority (E.A.) has conducted surprise on-site inspections at facilities of companies operating in the production and wholesale supply of electricity. This action is part of a self-initiated investigation into possible horizontal agreements or coordinated practices among the companies that may hinder, restrict, or distort competition.

The investigation focuses on potential violations of Article 1 of Law 3959/2011 regarding the 'Protection of Free Competition' and Article 101 of the Treaty on the Functioning of the European Union (TFEU). The E.A. is particularly looking into practices such as direct or indirect price fixing and other transaction terms, as well as the restriction or control of production and supply of electricity.

It is important to note that the inspections do not imply that the companies involved have engaged in anti-competitive behavior, nor do they pre-judge the outcome of the investigation.

The E.A.'s investigation is being conducted in collaboration with the Regulatory Authority for Energy and Water (RAAEY), as part of a coordinated effort to explore violations within their respective jurisdictions.

RAAEY has also initiated a self-initiated investigation into violations of the REMIT Regulation (Regulation 1227/2011) concerning the integrity and transparency of the wholesale energy market.

The E.A. is responsible for enforcing competition rules under Law 3959/2011 and Articles 101/102 TFEU. It emphasizes that it will prioritize interventions where necessary and will examine any relevant cases that come to its attention, including complaints and anonymous tips through a secure digital environment.

The E.A.'s leniency program offers significant advantages for companies and individuals involved in cartel-like agreements, including full or partial immunity from fines, reduced penalties for individuals, and exemption from administrative sanctions.