EU act against power engineering firms over price fixing

6 May 2006 - Several makers of heavy electrical equipment have been charged by the European Commission (EC) of fixing prices for gas-insulated switchgear used in power substations. The EC has issued letters setting out the charges.

The Commission, without identifying the companies, said on Thursday that raids carried out last year had led to the charges. "The European Commission can confirm that it has recently sent a statement of objections to a number of undertakings regarding their alleged role in a cartel for gas insulated switchgear," it said in a statement.

ABB said Thursday that it had been granted conditional immunity because it had co-operated but refused to comment further. ABB said in 2004 that it had discovered price fixing and that two managers had been dismissed as a result.

France's Areva SA confirmed it had been charged. Siemens of Germany said it was aware of the ongoing investigation and was co-operating but refused to comment on whether it had been charged.

The Commission said the companies involved had fixed prices and allocated contracts in the European Economic Area, which includes the 25-member European Union and three other countries.

Gas insulated switchgear is heavy, expensive equipment that controls the flow of energy. It is sold as a distinct product, and also as part of fully functional power substations.

Sponsored by FLSmidth

Related Articles

Poised for Growth

One year ago, California adopted the nation's first energy storage mandate for investor-owned utilities. The new mandate is accelerating the development of emerging storage technologies. Power Engineering examines the market for grid-scale energy storage in North America.

Report: U.S. able to connect large amounts of offshore wind to U.S. grid

The Energy Department (DOE), in partnership with ABB (NYSE: ABB), the National Renewable Energy Laboratory (NREL), Duke Energy (NYSE: DUK), and the University of Pittsburgh released a report that considers the availability and potential impacts of interconnecting large amounts of offshore wind energy into the U.S. power grid.

Follow Power Engineering on Twitter
Latest News
China US nuclear deal passes congressional review

US-China nuclear agreement passes congressional review

An agreement allowing American involvement in China's civilian atomic industry is set to be r...
NRC special inspection at Honeywell uranium hexafluoride leak

NRC begins special inspection at uranium enrichment facility

The U.S. Nuclear Regulatory Commission (NRC) launched a special inspection at a uranium conve...
House GOP says they have votes against Iran nuclear deal

House GOP says it has the votes to disapprove of Iran deal

House Republicans said Monday that they have the GOP votes to disapprove of the Iran nuclear ...
Winners and losers in Clean Power Plan Associated Press

Who wins and loses under Obama's stricter power plant limits

President Barack Obama is mandating even steeper greenhouse gas cuts from U.S. power plants t...
Olkiluoto 3 construction delay claims increased

Companies update claims over Finnish nuclear project delays

The Areva-Siemens consortium and Finnish utility Teollisuuden Voima Ovj (TVO) have both incre...
DOE opens funding for advanced nuclear reactor R&D

DOE opens funding for advanced nuclear R&D

The U.S. Energy Department (DOE) released a funding opportunity for research, development and...
Rosatom to build nuclear power plants in Vietnam

Rosatom plans construction of nuclear power units in Vietnam

Russia state-owned Rosatom signed a general framework agreement with Electricity of Vietnam (...
Regulators approve modified plans for Carlsband Energy Center

Regulators approve modified natural gas-fired power plant plan

The California Energy Commission (CEC) approved amendments for construction of a planned natu...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Company Listings

Power Industry Wire News

EPA's Endorsement of Carbon Utilization in Clean Power Plan a Huge Win for Algae Industry

EPA's Endorsement of Carbon Utilization in Clean Power Plan a Huge Win for Algae Industry

Yuma Energy, Inc. to Present at EnerCom's The Oil & Gas Conference

Yuma Energy, Inc. to Present at EnerCom's The Oil & Gas Conference

SCI Engineered Materials, Inc. Reports Second Quarter 2015 Results

SCI Engineered Materials, Inc. Reports Second Quarter 2015 Results

National Grid US Applauds EPA's Clean Power Plan

National Grid US Applauds EPA's Clean Power Plan

Statement by California ISO President and CEO Steve Berberich

Statement by California ISO President and CEO Steve Berberich

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>