“Energosbyt Plus” OJSC failed to execute a FAS determination

16-03-2017 | 17:43

Court confirmed legitimacy of a fine imposed upon the company for poor planning of energy consumption

FAS issued injunctions under the frame of considering petitions aimed at consolidating assets of “Energosbyt Plus” OJSC.

FAS specified in the injunctions: being the last resort provider, the company must better plan electric power consumption and do not overestimate volumes since it leads to increased prices on the wholesale markets of electric power and capacity.

FAS analyzed execution of warnings and exposed overestimated volumes of electric power consumption in September 2015.

Thus, “Energosbyt Plus” OJSC failed to execute conduct conditions set by the antimonopoly authority. FAS fined the company 300,000 RUB for the violation. The Court confirmed legitimnacy of the fine. The company paid to the federal budget.

Earlier, the Antimonopoly Service found that the group of persons of “Energosbyt Plus” OJSC violated the Federal Law “On Protection of Competition”. In 2012-2013 the last resort providers of the group considerably overestimated electric power consumption. FAS issue an injunction to transfer over 860 million RUB to the federal budget of unlawfully gained income to the federal budget.

Head of FAS Department for Control over Electric Power Industry, Dmitry Vasiliev, said:  “FAS monitors prices on the wholesale market of electric power and capacity on a regular basis, evaluating whether the last resort providers overestimate planned electric power consumption. The antimonopoly body shall impose fines in each incident of failure of execute conduct conditions”.


Part 6 Article 25 of the Law on Electric Power Industry states that in accord with the procedure established by the antimonopoly law of the Russian Federation, in view of the specifics determined by the Government of the Russian Federation, an economic entity can be forcibly split off in a case of repeated abusing dominance, particularly,  when such economic entity manipulates prices on the wholesale or retail markets or other monopolistic activity.

Site Map

News & Events Press Releases Media Releases Image Library About the FAS Russia What We Do General Information Mission, Goals, Values Priority Setting Institutional Memory Stakeholders Engagement Center for Education and Methodics Our History Our Structure Powers of Head and Deputy Heads Our Ratings GCR Using our website International Cooperation Treaties & Agreements International Working Groups Working Group on Research of Competition Issues in the Market of International Telecommunications (Roaming) Meetings Working Group for Studying Competition Problems in the Pharmaceutical Sector Concept Note Meetings OECD Competition Committee OECD meetings 2013 OECD meetings 2014 OECD meetings 2015 OECD meetings 2016 OECD meetings 2017 FAS Annual Reports OECD-GVH RCC RCC Newsletter ICAP Council on Advertising Headquarters for Joint Investigations UNCTAD 13th session IGE UNCTAD Resolution Russian contributions 14th session IGE UNCTAD Resolution Russian contributions 15th session IGE UNCTAD 16th session IGE UNCTAD UN Conference Resolution of the Conference Russian contributions EEU Model Law on Competition ICN BRICS WG (Markets of Social Importance) EU APEC Competition Policy and Law Group Annual meetings Projects ERRA Full Members Organizational Structure Archive Working Group on Investigating Issues on Pricing in the Oil and Oil Product Markets and Methods of their Functioning Meetings Document Library Legislation Reports & Analytics Cases & decisions Contacts Give feedback Contact us Links Authorities Worldwide