European Commission begins investigating power giant ČEZ


The European Commission has begun investigating Czech power giant ČEZ on suspicion of restricting competition on the domestic energy market. The commission is examining whether ČEZ built up capacities in its network in order to prevent the entry of competitive companies on the market. Brussels has suspected CEŽ of restricting competition at least since 2009, when commission inspectors raided the company’s headquarters. If found guilty, the company could face a fine of tens of billions of crowns and the sale of part of its property.