2007/353/EC: Commission Decision of 14 March 2006 declaring a concentration compa... (32007D0353)
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2007/353/EC: Commission Decision of 14 March 2006 declaring a concentration compatible with the common market and the functioning of the EEA Agreement (Case COMP/M.3868 — DONG/Elsam/Energi E2) (notified under document number C(2006) 793) (Text with EEA relevance)
- COMMISSION DECISION
- of 14 March 2006
- declaring a concentration compatible with the common market and the functioning of the EEA Agreement
- (Case COMP/M.3868 — DONG/Elsam/Energi E2)
- (notified under document number C(2006) 793)
- (Only the English text is authentic)
- (Text with EEA relevance)
- (2007/353/EC)
- I. SUMMARY
- II. EXPLANATORY MEMORANDUM
- 1. THE PARTIES
- 2. THE OPERATION AND THE CONCENTRATION
- 3. LEGAL AND REGULATORY FRAMEWORK
- 4. RELEVANT MARKETS
- A. NATURAL GAS
- 1. Relevant product markets
- Market for gas storage and gas flexibility
- Market for gas wholesale supplies
- Market for supply of natural gas to central CHP plants
- Market(s) for supply of gas to decentral CHPs and to large industrial customers
- Market(s) for supplies of gas to households and small businesses
- 2. Relevant geographic markets
- Market for gas storage and gas flexibility
- Market for gas wholesale supplies
- Market for the supply of natural gas to central CHPs
- Market(s) for supply of gas to decentralised CHPs and large industrial customers
- Market(s) for supplies of gas to households and small businesses
- 3. Conclusion on relevant markets in the natural gas sector
- B. ELECTRICITY
- 1. Relevant product markets
- Generation and wholesale of physical electricity; Ancillary services
- Financial derivatives of electricity
- Electricity retail
- 2. Relevant geographic markets
- Wholesale of physical electricity
- Ancillary services
- Financial derivatives of electricity
- Electricity retail
- 3. Conclusion on relevant markets in electricity
- C. OTHER MARKETS
- 5. COMPETITIVE ASSESSMENT
- PRELIMINARY REMARK ON MINORITY SHAREHOLDINGS
- A. NATURAL GAS
- 1. Market for gas storage and gas flexibility
- 2. Market for gas wholesale supplies
- 3. The market for the supply of natural gas to central CHPs
- 4. Market(s) for supplies to industrial customers and decentral CHPs
- 5. Market(s) for supplies of gas to households and small businesses
- 6. Conclusion on the assessment of the natural gas markets prior to consideration of modifications to the notified concentration
- B. ELECTRICITY
- 1. Electricity wholesale
- 2. Ancillary services
- 3. Financial derivatives of electricity
- 4. Retail supply of electricity to business customers
- 5. Retail supply of electricity to small standard load profile customers
- 6. Conclusion on competitive assessment for electricity markets
- 6. COMMITMENTS
- A. DESCRIPTION OF THE COMMITMENTS
- 1. Storage divestiture
- 2. Gas Release Programme
- B. ASSESSMENT OF THE COMMITMENTS SUBMITTED
- 1. Effect of the proposed commitments on the storage/flexibility market
- 2. Effect of the proposed commitments on the wholesale market for natural gas
- 3. Effect of the proposed commitments on natural gas retail markets
- Market(s) for supplies to industrial customers and decentral CHPs and Market(s) for supplies to small businesses and households
- (i) The raising of entry barriers (vertical problems)
- (ii) Elimination of potential competition
- 7. CONCLUSION
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