GDF SUEZ Comments on Decision of Authority on Natural Gas Markets
OREANDA-NEWS. GDF SUEZ has been informed by the Competition Authority of its decision issued today related to a request for protective measures made by an alternative supplier in the natural gas and electricity sectors.
The Group is currently studying all available options, including that of appealing the decision.
GDF SUEZ firmly refutes any accusation that it has abused a dominant position. The Group would point out that natural gas markets are already highly competitive, having been so since the non-household customers market was progressively opened to competition in 2000 and 2004, followed by the household market in 2007.
With regard to the household market, alternative suppliers hold a 14.7% market share in relation to consumption sites and 14.9% in terms of annual consumption volume and account for 58.6% of gross sales (Electricity and gas market observatory, Q1 2014 - CRE).
In the non-household market, alternative suppliers hold a 26.2% market share with regard to consumption sites, 49.6% in annual consumption volume, and account for 60% of gross sales (Electricity and gas market observatory, Q1 2014 - CRE).
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