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France’s nuclear company EDF fined a measly 300 million euros for its decades of deception and misuse of its position

 The French Competition Authority imposes a fine of 300 million euros on
EDF. The organization accuses the French company of abuse of a dominant
position and illegal collection of its customers’ data.

No less than seventeen years of anti-competitive practice. EDF was fined 300 million
euros by the Competition Authority for having misused its position as a
historical player in electricity since the opening of the market to
competition for companies in 2004, until 2021. The company does not
dispute the facts and has benefited from a negotiated procedure allowing
it to reduce the pain.

According to the law, a fine for this type of
practice could have cost it up to 10% of its annual worldwide turnover,
that is to say 7.6 billion, specifies in its decision the Authority of the
competition.

 Le Figaro 22nd Feb 2022

https://www.lefigaro.fr/societes/l-autorite-de-la-concurrence-inflige-une-amende-de-300-millions-d-euros-a-edf-20220222

February 26, 2022 - Posted by Christina Macpherson | France, Legal, secrets,lies and civil liberties