March 5, 2014 / 11:47 AM / 3 years ago

EU antitrust regulators fine 3 power exchanges 6.9 mln euros

AMSTERDAM, March 5 (Reuters) - European Union antitrust regulators fined three power exchanges a total 6.9 million euros ($9.48 million) on Wednesday for anti-competitive behaviour.

The European Commission imposed a 1 million euro penalty on Romanian power exchange operator OPCOM for blocking foreign traders from the local wholesale electricity market.

It also handed a 2.33 million euro fine to Norwegian spot power exchange Nord Pool Spot and a 3.65 million euro fine to Paris-based EPEX Spot for an agreement not to compete with each other.

$1 = 0.7277 euros Reporting by Foo Yun Chee, editing by Thomas Escritt

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