Court rules 34 million euro fine remains valid
The Lisbon Court of Appeal has ruled that the administrative proceedings against EDP and Sonae, which resulted in a fine exceeding 34 million euros, have not expired. The case stems from a 2017 Competition Authority (Autoridade da Concorrência or AdC) investigation into non-compete agreements regarding energy marketing.
The Competition Authority (Autoridade da Concorrência), commonly called AdC, is Portugal's independent regulator that enforces competition law and advises policymakers. It is pushing for measures like an independent switching entity and IBAN portability to make it easier and cheaper for customers to change banks, which the AdC says would boost competition and lower fees.
