Germany's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Vattenfall loses reduced charges case

Share this article

Vattenfall loses reduced charges case
11:59 CEST+02:00
Energy giant Vattenfall has been ordered to pay €50 million to its competitors and reduce its network charges, after losing a court battle with German regulators on Thursday.

Customers both private and corporate should now see their power bills reduced. Vattenfall Europe Transmission GmbH had resisted the Federal Network Agency's reduction of network charges by 18 percent, which took place in June 2006.

Regulation authorities had intended to increase competition within the energy market with the move, opening it up to new suppliers who had been complaining that they were being discriminated against.

The agency had also ordered Vattenfall to reduce its bills to cancel out its increased profits from the excessive network charges gained between November 2005 and June 2006.

The Düsseldorf high court had decided against Vattenfall over the network charges, but in its favour over compensation for the profit, leading to both parties to appeal to Germany's Federal Supreme Court of Justice.

Get notified about breaking news on The Local

Share this article

From our sponsors

VIDEO: Three surprising facts that will make you want to visit Malta

Game of Thrones has ended but it lives on in Malta! Find out how and learn two more unexpected facts about this little archipelago in the middle of the Med.