DUTCH COURT UPHOLD EXCESSIVE PRICING DECISION OF ANTITRUST AUTHORITY

04/04/2020

 

Dutch Trade and Industry Appeals Tribunal (CBb) uphold Dutch competition authority’s (ACM) decision for setting maximum tariffs for two electricity products of Dutch energy supplier Nuon, which are Nuon Standaardprijs and Nuon Modelcontract, between January 2017 and July 2017.

ACM found that approximately 130,000 customers who bought these products were over-priced. Therewith, Nuon went to the CBb to challenge this decision by ACM. The undertaking also compensated the losses of all customers affected by the said pricing before the outcome of the legal process.

As a result of its evaluation, the Dutch Trade and Industry Appeals Tribunal found ACM's decision.

(ACM – 03.03.2020)

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