Italy's antitrust fines Edison's unit 3.8 million euros over unfair practices
Reuters
Published Nov 21, 2022 17:59
Updated Nov 21, 2022 18:50
MILAN (Reuters) -Italy's antitrust authority said on Monday it had fined the retail unit of energy firm Edison 3.8 million euros ($3.89 million) for alleged unfair commercial practices.
According to the authority, Edison Energia has been promoting and selling power and gas supply services since March 2022 without disclosing in full the economic conditions of its offers.
Italian energy firm Edison, which has been owned by France's energy giant EDF (EPA:EDF) since 2012, produces and distributes electricity from traditional and renewable sources.
In a statement in response to the watchdog ruling, Edison Energia rejected the allegations, saying it had always complied with existing legislation over consumers rights.
($1 = 0.9777 euros)
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.