Competition watchdog can fine those responsible for national power blackout in Spain up to 60 million euros

Competition watchdog can fine those responsible for national power blackout in Spain up to 60 million euros

The president of the CNMC says that the independent report it is preparing on the incident will also focus on the railway and telecommunications sectors

The president of the National Commission on Markets and Competition (CNMC), Cani Fernández, has pointed out that the supervisor has already started processing an information file in order to be able to reconstruct what happened in the energy collapse on 28 April and has recalled that if serious or very serious violations are detected the sanctions can reach up to 60 million euros.

Spain’s Competition Authority Opens Investigation into Mass Power Outage

Spain’s National Commission for Markets and Competition (CNMC) announced Tuesday it has launched an independent investigation into the cause of the April 28 power outage that plunged much of the Iberian Peninsula into darkness, Spanish outlet “ARA” wrote.  Cani Fernández, President of the CNMC, confirmed during a hearing in Spain’s Congress of Deputies that the regulator had started gathering “all necessary information” about the incident. “We w…

Spain competition watchdog opens probe into huge Iberian blackout

Spain’s competition watchdog announced Tuesday its own investigation into the April 28 blackout that paralysed the Iberian Peninsula, heightening scrutiny on the crisis whose causes remain unknown. The CNMC has begun collecting “all the necessary information” on the outage, which led to hours of chaos across Spain and Portugal, its president Cani Fernandez told a hearing at the Spanish parliament. The independent regulator will also study the ef…

If serious or very serious infringements are identified, sanctions can amount to up to EUR 60 million.

The president of the National Commission of Markets and Competition (CNMC), Cani Fernández, has announced that the 'superregulator' will carry out his own investigation of the blackout that occurred on April 28 after the collapse of the peninsular electrical system, for which he is already collecting all the information that he considers necessary in order to "rebuild the event with sufficient technical precision." In his appearance at the Commi…