Competition office fines gas giant for overcharging

The Czech competition watchdog has imposed a fine on the country’s biggest importer and distributor of natural gas. RWE Transgas was fined 10 billion crowns for abusing its dominant market position. The office said that the company overcharged around 80,000 customers. The company admitted the fault and said it would not appeal. RWE Transgas is currently contesting a previous record fine of 240 million crowns imposed by the competition office in 2007 for abusing its dominant position.

Author: Chris Johnstone