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Greece needs to recover around 17 million from Aluminium of Greece

Mayer Brown LLP
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European Union, Greece
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July 18 2011

On 13 July 2011 the Commission concluded that lower electricity tariffs granted in 2007- 2008 by the Greek state-owned Public Power Corporation to Aluminium of Greece conferred an undue advantage to the company, in breach of EU state aid rules

Oettinger delivers speech on the completion of the internal energy market

Mayer Brown LLP
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European Union
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October 11 2011

On 29 September 2011, Gunther Oettinger, EU Commissioner for Energy, delivered a speech which addressed the 2014 deadline set by the European Council for the completion of the internal energy market

EU adopts new rules on wholesale electricity and gas trading

Mayer Brown LLP
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European Union
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October 18 2011

On 10 October 2011, the Council adopted the Commission’s proposed regulation on energy market integrity and transparency

European Parliament passes new rules on wholesale energy trading

Mayer Brown LLP
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European Union
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September 26 2011

On 14 September 2011, the European Parliament approved the EU Regulation on Energy Market Integrity and Transparency (“REMIT”) which aims to increase transparency in the energy wholesale market

Commission publishes communication on security of energy supply

Mayer Brown LLP
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European Union
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September 26 2011

On 7 September 2011, the Commission published a communication entitled “The EU energy policy: Engaging with partners beyond our borders”

Commission opens formal proceedings against Czech electricity incumbent CEZ

Mayer Brown LLP
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Czech Republic, European Union
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July 18 2011

On 15 July 2011 the Commission opened formal anti-trust proceedings to investigate whether CEZ a.s., the incumbent electricity producer in the Czech Republic, abused its dominant position on the Czech electricity market, in particular by hindering the entry of competitors, in breach of EU antitrust rules

Commission raids companies in the natural gas sector

Mayer Brown LLP
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European Union
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October 11 2011

On 27 September 2011, the Commission confirmed that it has conducted unannounced dawn raids of several companies active in the supply, transmission and storage of natural gas across several member states

European Union tightens sanctions against Syria, including an oil embargo

Mayer Brown LLP
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European Union, Syria
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September 7 2011

The European Union has adopted new sanctions against Syria, including an oil embargo, that entered into force on 3 September 2011 and build upon EU sanctions that became effective on 10 May 2011