In October, the Danish Competition Council found that Effekthandel and 49 energy producers that supply reserve capacity to the electricity system in Western Denmark have violated the Competition Act by illegally coordinating prices and bids for auctions for electricity reserves in the state-owned Energinet.
The council has since summoned the companies to the Maritime and Commercial Court with a view to issuing fines. But now one of the 49 companies, Silkeborg Varme, wants the Competition Appeals Board to look into the matter. This is stated by Silkeborg Forsyning, which owns Silkeborg Varme, in a statement.
"After a thorough review of the case and in dialogue with legal advisors, the board has now concluded that the case should be assessed by the Competition Appeals Board. The board wants this because Silkeborg Varme A/S has in no way intended to violate the Competition Act. Furthermore, Silkeborg Varme A/S has only received services from Effekthandel for a limited period and to a limited extent," the statement reads.
According to Silkeborg Forsyning, it earned around DKK 300,000 from the collaboration with Effekthandel. A collaboration that it also emphasizes was stopped immediately after it heard about the Danish Competition and Consumer Authority's concerns about the scheme.
Silkeborg Forsyning expects that the Competition Appeals Board will take between six and nine months to decide the case. If the case then goes to the Maritime and Commercial Court, it could take up to two years before a final decision is made.
"The board would have preferred to avoid a lengthy process regarding the competition case. However, the board is convinced that the case contains so many mitigating circumstances that the Competition Council's decision should be appealed," says Silkeborg Forsyning.
Silkeborg Forsyning does not state whether other of the 49 energy producers under indictment are part of the case.
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