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Experts say gas and electricity prices in the EU remain high partly due to lack of competition (Photo: European Community, 2006)

EU raids 20 energy firms in six member states

EU antitrust officials have raided around 20 of the biggest European energy firms in six member states, under suspicion of abusing their market position.

France's Gaz de France, Germany's RWE and E.ON, Austria's OMV and Belgium's Fluxys were among those involved in the "surprise inspections" reported by the European Commission on Wednesday (17 May), along with gas companies in Italy and electricity firms in Hungary.

Brussels regulators were trying to find out whether the firms we...

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Experts say gas and electricity prices in the EU remain high partly due to lack of competition (Photo: European Community, 2006)

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