commiss decis june declar concentr compat common market eea agreement case comp verbund energieallianz notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun regard agreement european econom area articl thereof regard council regul eec decemb control concentr undertak amend regul ec articl thereof regard commiss decis februari initi proceed case regard opinion advisori committe concentr regard final report hear offic case decemb commiss receiv notif propos concentr pursant articl council regul eec merger regul austrian undertak österreichisch elektrizitätswirtschaft aktiengesellschaft verbund evn ag evn wien energi gmbh wien energi energi ag oberösterreich energi oö burgenländisch elektrizitätswirtschaft aktiengesellschaft bewag linz ag für energi telekommunik verkehr und kommunal dienst linz ag plan acquir mean articl merger regul joint control amp gmbh amp verbund austrian power trade ag apt evn wien energi energi oö bewag linz ag manag interest jointli energieallianz austria energieallianz commiss examin notif found notifi concentr fell scope merger regul rais doubt compat common market function agreement european econom area eea agreement februari commiss decid initi proceed case pursuant articl merger regul articl eea agreement investig case commiss conclus notifi concentr strengthen domin posit result effect competit significantli imped substanti part common market competit concern transact gave rise overcom commit enter notifi parti busi parti verbund gener transmit electr suppli industri custom electr distributor trade electr verbund biggest electr gener austria oper high voltag grid countri except vorarlberg tyrol verbund deal larg custom subsidiari verbund austrian power vertrieb gmbh apc bulk share apc carri control right held energi steiermark hold ag estag compani control jointli land styria french electr supplier électricité de franc edf verbund estag jointli steweag steg gmbh steweag steg region distributor styria verbund hold capit estag steweag steg differ apc verbund estag exercis joint control verbund minor hold kelag kärntner elektrizität aktiengesellschaft kelag control intermedi hold compani own jointli land carinthia german compani rwe ag rwe verbund interest compani suppli electr household liberalis austrian electr market interest includ stake unser wasserkraft gmbh amp kg unser wasserkraft joint ventur estag myelectr stromvertrieb gmbh myelectr control salzburg ag für energi verkehr und telekommunik salzburg ag verbund control republ austria hold share member energieallianz distribut electr region lower austria evn vienna area wien energi upper austria energi oö linz area linz ag burgenland bewag includ suppli final consum energi oö stake salzburg ag region supplier land salzburg except bewag member energieallianz gener electr member distribut ga heat region provid servic relat transport environ wast manag wast dispos telecommun cabl televis major hold member energieallianz held region author ii transact plan transact consolid electr busi verbund energieallianz joint ventur amp apt electr gener capac verbund land corpor member energieallianz continu separ ownership gener direct trade compani apt own verbund energieallianz electr gener verbund energieallianz power station suppli exclus apt apt handl electr trade apt suppli electr amp own energieallianz verbund amp deal larg custom energieallianz verbund annual consumpt gwh suppli electr apt suppli electr land corpor member energieallianz corpor suppli commerci custom consumpt gwh household custom gwh apt suppli electr remain land corpor parti transact citi corpor area suppli energieallianz iii concentr apt amp subject joint control verbund energieallianz agreement side supervisori board case amp sharehold committe need invest eur million determin gener principl busi polici includ principl price product polici conclus purchas suppli contract amount twh year durat year manag board agreement side need import item product sale plan multiannu annual monthli weekli daili basi quot dai ahead quot oper strateg decis requir agreement side consortium meet syndikatsversammlung apt amp link consortium meet common equal repres apt handl procur amp apt amp perform last basi function autonom econom entiti manag suffici financi person tangibl intang resourc market oper plai activ role transact constitut concentr mean articl merger regul iv procedur commiss examin notif found notifi concentr fell scope merger regul rais doubt compat common market function eea agreement februari commiss decid initi proceed case pursuant articl merger regul articl eea agreement april commiss accord articl merger regul notifi parti statement object repli letter april notifi parti request hear held april attend notifi parti number parti proceed initi hear place discuss commiss notifi parti notifi parti abreast progress case notifi parti submit commit propos enter commiss carri market test consult parti conclud commit propos suffici resolv competit concern rais transact inform parti parti modifi commit commiss determin basi assess inform receiv investig includ result prior market test market test competit problem identifi resolv propos commit submit suffici time proper consult member state requir commiss notic remedi accept accord council regul eec accord commiss regul ec remedi notic commun dimens combin aggreg worldwid turnov undertak concern eur million verbund eur million evn eur million wien energi eur million energi oö eur million bewag eur million linz ag eur million undertak aggreg commun wide turnov eur million verbund eur million evn eur million wien energi eur million energi oö eur million linz ag eur million undertak energieallianz achiev third aggreg commun wide turnov austria verbund achiev third aggreg commun wide turnov austria notifi concentr commun dimens mean articl merger regul case cooper eea surveil author eea agreement vi apprais pursuant articl merger regul structur austrian electr industri legal framework electr industri austria govern nationalis act provid strict divis task reach territori protect undertak oper industri verbund essenti respons gener energi larg power station build oper transmiss grid trade electr foreign countri land corpor bewag burgenland kelag carinthia evn lower austria energi oö upper austria salzburg ag salzburg steweag styria tiwag tyrol vkw vorarlberg wienstrom vienna citi corpor land capit graz innsbruck klagenfurt linz salzburg distribut electr categori custom area land corpor gener gener obtain verbund electr market direct initi transpos austrian law electr industri organis act elektrizitätswirtschaft und organisationsgesetz februari final consum annual electr consumpt gwh februari gwh entitl access grid freeli choos electr supplier februari oper distribut network transmiss network dispos essenti land citi corpor entitl grid access energi liberalis act carri liberalis austrian electr market octob custom entitl grid access irrespect consumpt sale volum free choos supplier coordin contract verbund land corpor end dai legal respons market supervis protect competit industri specif regul supervis unbundl rest energi control gmbh control compani form privat law wholli own republ austria control independ state supervisori author energi control commiss respons decid appeal decis control approv grid access charg settl disput grant grid access present situat electr gener suppli total gwh electr gener austria hydroelectr product consist gwh run river power station gwh reservoir power station total gener hydroelectr power station thermal station gener gwh total tabl show breakdown electr gener main undertak oper sector tabl electr gener austria gt tabl gt sourc parti cite compani report control statist austria divid control area western länder vorarlberg tyrol control area form part german control block länder account larger part countri make eastern control area austrian power grid apg area separ control block verbund oper high voltag grid control area manag respons rule uct maintain balanc gener consumpt provid withdraw balanc energi land corpor member energieallianz steweag steg styria salzburg ag land salzburg kelag carinthia tiwag tyrol vkw vorarlberg oper distribut grid tradit suppli area obtain electr verbund power station extent foreign supplier energi trader verbund land corpor suppli electr final consum larg number smaller local privat electr suppli undertak oper distributor suppli final consum gener capac relev product market introduct relev product market compris product servic regard interchang substitut consum reason product characterist price intend main test commiss notic definit relev market purpos commun competit law relev market definit notic demand substitut suppli substitut potenti competit parti activ overlap propos concentr group exist electr sale activ verbund energieallianz parti activ overlap essenti suppli industri larg commerci consum larg custom distributor electr trade lesser extent suppli household small busi small custom austria commonli tariff custom overlap suppli balanc energi need maintain balanc gener consumpt gener transmiss electr overlap parti activ market parti power gener branch suppli power gener insid organis power market gener stage downstream commerci stage grid oper case natur monopoli posit parti gener power account assess effect concentr relev market distinguish relev product market parti initi suggest separ relev product market suppli small custom suppli larg custom electr trade includ suppli distributor provis balanc energi repli statement object hear parti chang standpoint precis classif suppli larg small custom view area distinct drawn price orient servic orient custom price orient custom price decis criterion choic supplier electr servic orient custom addit servic full suppli energi manag balanc energi qualiti servic choos electr supplier parti view explain hear price orient custom market includ distributor larg region supplier larg distributor quot land supplier quot quot land corpor quot municip util land capit includ larg custom take part electr trade belong price orient custom market distributor small distributor larg custom belong servic orient custom market provis balanc energi continu regard separ market commiss occas market condit austria verbund estag case decis left open market suppli electr austria segment custom group present case commiss conclus suggest notifi parti separ relev market suppli small custom suppli larg custom small distributor parti quot servic orient quot suppli larg distributor electr trader parti quot price orient quot present decis determin distinct made relev product market suppli larg custom suppli small distributor distinct made relev product market suppli larg distributor suppli electr trader competit purpos provis balanc energi constitut separ relev product market suppli final consum distinct larg small custom austrian market fulli liberalis regulatori term parti view suppli electr final consum divid separ relev product market suppli small custom privat household small busi farm larg custom industri larg commerci consum parti bracket larg custom categori quot servic orient custom quot divid line larg small custom parti propos consumpt load valu gener legal provis forc austria standardis load profil appli law stand custom annual consumpt kwh year word gwh year connect load kw offer standardis load profil inform assembl commiss proceed suppli electr segment parti propos market suppli small custom market suppli larg custom industri larg commerci consum commiss enquiri identifi ground differenti parti submit commiss enquiri confirm substanti differ demand behaviour larg custom mass custom larg custom price sensit correspondingli readi chang supplier small custom negoti power conduct negoti reflect sale strategi adopt energi supplier level price larg custom monei flexibl suppli major consider mass custom market differenti quot clean energi quot domest hydroelectr sourc electr fossil fuel nuclear energi qualit approach custom larg custom mass custom power voltag level help differenti true voltag electr suppli barrier entri view quot postag stamp tariff quot payabl transmiss lower voltag current deliv higher share entir bill account grid rel advantag custom chang supplier lower lower grid voltag higher grid price suppli distributor distinct region distributor land corpor smaller distributor parti initi argu suppli distributor consid part electr trade market busi distributor larg match accept definit electr trade purchas sale electr view gain classif match practic austrian electr supplier compani report classifi suppli wholesal distributor singl categori quot trade quot repli commiss statement object hear parti chang posit argu specif group distributor small distributor includ quot servic orient quot custom industri larg commerci consum point similar price similar purchas behaviour addit servic alongsid power inform assembl commiss suppli larg region distributor land supplier suppli distributor assign separ relev product market decid suppli small distributor distinguish suppli larg distributor includ market suppli larg final consum constitut separ market commiss enquiri establish demand electr smaller distributor includ municip local util privat util distinct demand larg distributor trade market small distributor annual turnov case gwh suppli annual multiannu suppli contract coupl full supplier contract make unnecessari bui addit energi includ deliveri balanc energi requir small size distributor financi administr capac order engag activ purchas manag trade market depend long term stabl suppli contract seller typic upstream region supplier reason separ purchas balanc energi distributor present except rule parti hear full suppli electr power core element link suppli small distributor market larg custom evid suggest term suppli small distributor suppli industri larg commerci consum small distributor suppli household small firm custom structur purchas behaviour differ larg custom power requir unlik larg custom smaller distributor compet suppli area bigger distributor includ member energieallianz suppli categori final consum small custom annual consumpt gwh commerci custom annual consumpt gwh purpos decis reach final judgment question suppli small distributor constitut relev product market separ larg custom market clear suppli small distributor depend full suppli contract case assign market suppli region distributor energi trader suppos market suppli larg custom small distributor separ market transact issu case creat strengthen domin posit conceiv market decid suppli region supplier constitut separ relev product market includ electr trade market suppli big austrian distributor land supplier land corpor member energieallianz steweag steg salzburg ag kelag tiwag vkw distinguish number featur suppli smaller distributor austrian electr market liberalis land supplier drew entir requir electr produc verbund bound coordin contract market fulli liberalis octob coordin contract end land supplier free choos sourc suppli volum electr greater financi administr capac stronger posit small distributor practic advantag scope legal open region supplier electr requir gener partli verbund partli land supplier foreign electr supplier trade market conclud full supplier contract conduct energi manag make arrang procur addit volum balanc energi parti contend suppli austrian region supplier form part broader market energi trade commiss enquiri provid clear evid market suppli region supplier distinguish electr trade market proper electr trade understood bui sell electr risk account earlier decis commiss found energi trade market process format made custom free choic wake liberalis addit independ trader gener capac grid electr trader includ suppli side extent demand side electr gener distributor import electr trade divid essenti categori counter otc trade individu bilater contract negoti conclud central exchang marketplac trade physic electr product exchang recent found energi exchang alpen adria exaa graz spot deliveri trade form singl hour contract begin deal electr futur trade physic financi deriv energi deriv initi stage austria plai minor role land corpor essenti suppli final consum larg custom tariff custom smaller distributor explain land supplier custom electr requir gener supplier guarante custom full suppli kind region supplier depend long term fix contract greater part electr requir reason electr requir land supplier met short term exchang deal long term suppli purchas otc open market suffici clear commiss enquiri region supplier state electr trade market liquid suggest separ relev product market suppli larg region supplier question remain unansw transact creat strengthen domin posit market balanc energi suppli electr differ product market electr easili store amount energi suppli precis advanc consumpt forecast incorpor schedul load profil forecast rule coincid actual consum behaviour special gener balanc energi need ensur differ electr output load met balanc energi need maintain balanc product consumpt control area provid adjust volum electr gener insid control area secondari regul draw call minut reserv addit regulatori instrument call short term complet adjust achiev secondari regul minut reserv quot involuntari exchang quot control area surround uct control area parti view competit condit provis balanc energi electr suppli market separ relev product market posit parti provis balanc energi form minut reserv factor help creat strengthen domin posit electr suppli market provis balanc energi minut reserv separ relev product market purpos decis precis treatment provis balanc energi definit product market remain open relev geograph market relev geograph market compris area undertak concern involv suppli demand product servic condit competit suffici homogen distinguish neighbour area condit competit appreci area main test demand substitut suppli substitut potenti competit notifi parti case suppli larg custom distributor energi trader relev geograph market reach austria case small custom confin austria view relev geograph market suppli larg custom includ austria germani essenti capac interconnector electr import germani argu liberalis electr market pursuant electr market direct fulli implement austria open austrian market foreign supplier liberalis reflect definit relev geograph market purpos merger control commiss enquiri establish accord criteria definit geograph market geograph market suppli electr larg custom small distributor small custom extend austria market suppli larg region distributor wider market market suppli larg custom small distributor market suppli small custom pure domest structur legal framework electr market austria fundament neighbour countri breakdown market share parti competitor electr suppli market austria fundament neighbour countri eea geograph term relev market confin austria point main electr supplier eea level edf rwe enel market share market suppli small custom larg custom small distributor austria appli main competitor german electr market rwe enbw vattenfal austrian electr supplier share electr suppli market neighbour member state eea level legal framework austria neighbour switzerland germani switzerland electr market direct appli austria germani direct implement wai germani negoti network access associ agreement competit supervis bundeskartellamt austria network access quot postag stamp tariff quot independ regul set electr import minor case suppli larg custom smaller distributor import electr plai small part suppli austrian electr custom level energi trade substanti deal electr germani austria level structur suppli final consum small distributor limit export electr germani austria total sale larg custom austria amount twh commiss enquiri establish deliveri larg custom german supplier enbw amount twh total sale larg custom austria swiss supplier atel suppli larg custom commiss market investig give indic situat chang decis futur appli small distributor investig commiss ask austrian distributor state electr supplier privat municip local electr util custom purchas associ smaller distributor suppli foreign supplier total electr suppli distributor gwh amount suppli foreign supplier purchas associ smaller distributor year gwh total sale small distributor austria foreign supplier lost custom steweag steg verbund hold foreign supplier respond austrian invit tender limit extent practic secur contract liberalis suppli larg custom custom chang supplier appreci number case rule supplier austrian appli small distributor inclin chang larg custom tender call foreign supplier put bid case foreign supplier involv enbw case larg custom atel case smaller distributor invit tender suppli contract liberalis custom question enquiri industri larg commerci consum includ big chain custom smaller distributor ask foreign supplier submit bid minor case case foreign supplier enbw rare foreign supplier secur contract sole except enbw custom survei award electr supplier contract enbw year altern supplier rule austrian supplier except enbw case enbw share market suppli larg custom similarli small atel share market suppli small distributor foreign supplier oper austria except margin presenc larg custom market foreign supplier export wholesal basi deliv final consum suppli smaller distributor limit extent technic barrier access prevent foreign supplier expand busi austria market access render difficult establish custom relationship prefer distribut cost price level lower germani small part plai market foreign supplier attribut technic barrier access parti rightli point bottleneck interconnector germani austria switzerland austria interconnector capac equal austrian electr consumpt pure technic term substanti import insid eastern control area bottleneck north south kv grid link line lower kv voltag level bottleneck kind ultim barrier import larg deliveri consumpt area bottleneck quickli overload grid grid oper interven manag electr flow order restor secur grid transfer charg payabl transmiss electr control area cross border tariff quot cbt quot act barrier entri limit extent austria divid control area eastern control area compris entir countri except vorarlberg tyrol east tyrol verbund oper high voltag grid respons maintain balanc product consumpt vorarlberg tyrol control area belong german control block true electr transmit direct germani eastern control area transfer charg eur mwh electr rout vorarlberg tyrol fact transfer charg paid legal ground transfer charg payabl transmiss control area insid austria vorarlberg tyrol control area belong german control block transfer charg transmiss germani area competitor submit number barrier access make difficult enter market includ distribut custom acquisit cost requir minimum size balanc group fragment network oper larg proport hydroelectr power electr mix case small custom effect barrier access austrian market suppli larg custom small distributor small custom integr german market major technic barrier measur respect electr market part singl market programm electr market direct shortli enact measur intend open domest market previous isol commiss enquiri show sought result justifi conclus relev geograph market fact larger appli respect forthcom enlarg european union integr electr market austria neighbour candid countri czech republ slovakia hungari slovenia technic econom requisit satisfi smaller extent case integr market germani distribut cost incur entri austrian market view long term suppli distributor larg custom worthwhil minimum number custom secur bear cost establish distribut arrang need market entri supplier enter market set balanc group big risk pai balanc energi reason limit offset unexpect consumpt surplus deficit easier big balanc group balanc group entrant necessarili small competitor inevit higher percentag requir balanc energi involv higher risk increas cost make meet lack gener capac control area cost balanc energi cost risk involv form appreci barrier entri state overwhelm major market particip commiss market investig cost factor austria fragment network oper local level austria cover network oper transmiss cost make market entri difficult supplier possess detail knowledg market larger industri firm electr higher network level affect number oper lower network level fragment lower segment larg custom market effect barrier market entri addit market reason entrant sizeabl hydroelectr compon electr mix order suppli small custom austrian electr gener hydroelectr power plai paramount role account total gener case suppli small custom effect barrier entri substanti proport small austrian custom attach great import quot clean quot electr electr gener domest water power fossil nuclear fuel small custom market austrian energi supplier capac hydroelectr addit advantag foreign supplier ensur suffici avail hydroelectr power build brand imag small custom busi studi commiss parti firm frontier econom argu small increas electr price larg austrian custom make invest distribut cost custom acquisit cost enter market profit short medium term appli quot ssnip quot test conclus relev market extend austria point made frontier econom studi ssnip test suggest explain satisfactorili increas price incumb regard hypothet monopolist undertak subsequ movement custom market entrant affect profit market entri coincid small perman price increas rang monopolist undertak undertak lose market share result prove profit price increas account mark increas profit margin crucial weak frontier econom model fail suffici account real competit price base notion price notion price higher real price reason studi erron equat quot opportun cost quot serv basi hypothet calcul competit price market larg custom wholesal trade price fail account fact vendor wholesal trade market incur opportun cost product cost cost price achiev profit margin account clear sale electr wholesal trade market attract austrian produc direct sale final consum competit price larg custom austria overestim commiss market investig reveal retail price austrian market larg consum lower wholesal trade price studi overestim actual competit price austria scope profit entrant price increas statement made market particip suggest parti assumpt acquisit discount grant entrant unreli evid highli probabl discount fact higher assum parti parti model base hypothet assumpt entri profit short term price increas sum doubt practic relev valid scenario present parti frontier econom studi real factor account conclus appear case price increas profit hypothet monopolist undertak market suppli larg custom small distributor austria retail price level lower austria neighbour member state addit barrier entri decis point level price charg larg custom austria german level inform suppli parti gap price industri custom case household big repli statement object hear parti claim substanti converg retail price germani austria parti fail produc concret evid support claim run counter statement market particip commiss assess statement larg custom small distributor net energi price paid statist analysi show price paid austria market particip consult remain level end averag price fell substanti larg custom small distributor slight drop larg custom small distributor price rose slightli averag larg custom small distributor combin abovement statement parti price level austria mean price austria germani parti assum drop price germani major factor differ price low averag product cost austrian hydroelectr gener parti argu hydroelectr scheme necessarili enjoi product cost advantag capit cost higher power station argument convinc reason larg proport austrian electr product hydroelectr base appli verbund hydroelectr power account total electr output third verbund hydroelectr power gener run river power station reservoir power station inform cost structur hydroelectr station suppli parti appear run river power station written period year electr gener verbund run river power station half gener station year bulk verbund hydroelectr product extrem cheap year verbund run river capac fulli written inform suppli verbund appear period depreci reservoir power station year verbund reservoir station output gener station year year verbund reservoir station capac reach limit full depreci verbund reservoir station output power station built year case recent run river station thermal station cost factor potenti benefit verbund possibl claim compens quot strand cost quot reason accept largest austrian electr produc verbund favour product cost base find extrapol austrian electr product notifi parti submit liberalis wholesal price austria tend draw german level wholesal price record platt price differ shrank close german price parti conclud price level austria barrier entri seek defin geograph market cost price wholesal price electr custom price adjust claus contract supplier refer level wholesal price final price ident wholesal price liberalis price final consum austria price neighbour member state shown case price small custom parti disput fact retail price larg custom fell appreci liberalis began wholesal price risen austria recent year retail price move extent continu level price neighbour member state parti merger argu situat explain predatori price polici pursu immedi liberalis transitori phenomenon austrian electr produc find econom short term sell electr intern market suppli final consum austria possibl lower price arbitrag point market integr parti explan appli germani price level retail market germani fallen temporarili market price case claim made parti regard develop futur parti argument convinc reason sale energi trade market entail signific cost risk export energi trade purpos austrian electr supplier factor transport cost consist transmiss charg network cost cbt payabl electr leav austria eur mwh sell electr trade market germani involv administr transact cost charg trade stock exchang demand price volatil trade market retail busi risk default trade market higher enron case shown notifi parti point board hear cite energieallianz main reason propos merger effort reduc depend quot volatil intern trade market quot inform commiss austrian undertak strong tendenc hold custom home suppli area explain fact austrian land supplier major control region author econom justif strategi densiti custom area pertin factor calcul distribut cost basic corpor strategi austrian electr supplier pursu limit extent verbund vi vi quot quot austrian custom continu exist merger provid incent austrian custom favour price commiss told fact close custom relat gener rais addit barrier market entri final mention made signific volum low cost hous product austria rule clear correl cost price austrian electr supplier price trade market abovement reason assum develop retail price price suppli small distributor austria germani driven suffici homogen factor forese futur cost factor trade price behav similar fashion beli fact commerci consider austrian electr supplier includ parti merger strive increas profit margin ty retail price close develop trade price risen sharpli year reason set lower price level austria act barrier entri signific number parti current potenti competitor confirm market investig special factor defin geograph market small custom regard relev geograph market suppli small custom notifi parti argu austria market strong local region characterist true liberalis octob switch rate small custom low overwhelm major small austrian custom obtain electr origin local region distributor parti deduc present tradit suppli area austrian distributor constitut separ relev geograph market suppli small custom statement parti reveal custom switch austrian region supplier supplier switch subsidiari energieallianz myelectr unser wasserkraft firm suppli environ friendli electr nationwid eastern control area small custom form supra region purchas pool organis suppli electr level reach region austria evid definit trend integr small custom market austria extend market austria border conclus reason suppos geograph market suppli larg custom small distributor region supplier extend austria market suppli austrian region distributor extend austria parti express view geograph market suppli larg region distributor extend austria purpos decis question answer fact austrian land supplier tradition draw electr requir verbund produc suggest geograph market confin austria fact signific volum suppli land corpor liberalis foreign supplier electr trader pictur sourc electr individu land supplier argu volum electr requir low price austria high proport hydroelectr power depend suppli verbund order continu deliv power small custom hand sign geograph market extend austria parti submit region supplier member energieallianz receiv amp gt suppli austrian sourc amp lt energieallianz requir bought electr verbund amp lt austrian supplier energieallianz make small purchas trade market assum major share electr deliv custom produc foreign supplier austrian region distributor draw signific proport electr suppli austrian supplier true tiwag vkw suppli area technic belong german control block tradition obtain consider amount electr germani question geograph market suppli region distributor left open market confin austria propos merger creat strengthen domin posit market conceiv geograph market provis balanc energi confin eastern control area provis balanc energi relev product market market geograph confin control area rule govern european transmiss grid balanc energi provid austria insid control area minut reserv compon balanc energi decis purpos cost transmit control area border take account ongo negoti open eastern control area germani situat chang short term present case relev geograph market eastern control area verbund respons control area manag effect liberalis measur probabl electr market direct regul cross border energi exchang enter forc futur major compon legisl packag effect juli aspect effect juli packag compris seri provis expect make market entri foreign provid consider easier medium term provis concern network access tougher unbundl measur harmonis rule cross border transfer electr aspect consid section viii part assess commit effect merger merger creat domin posit market suppli larg custom small distributor propos merger place firm concern domin posit market market suppli electr larg custom small distributor austria court justic european commun defin domin posit posit econom strength enjoi undertak enabl prevent effect competit maintain relev market afford power behav appreci extent independ competitor custom ultim consum posit preclud competit enabl undertak profit determin appreci influenc condit competit develop case act larg disregard long conduct oper detriment exist domin posit deriv factor separ necessarili determin factor highli import exist larg market share addit relationship market share undertak involv concentr competitor largest relev evid exist domin posit merger give verbund energieallianz high combin market share merger result high combin market share firm involv case law court justic indic domin posit structur market suppli larg custom shown tabl tabl electr sale special custom gt tabl gt sourc inform verbund respons request inform februari verbund share market suppli larg custom market share compani belong energieallianz direct combin market share parti merger addit steweag steg jointli control verbund estag achiev market share remain competitor market share commiss investig establish structur market suppli small distributor tabl electr sale small distributor gt tabl gt sourc commiss market investig data parti competitor order avoid reveal busi secret rang verbund energieallianz market share steweag steg share merg entiti includ steweag steg jointli control verbund market share remain competitor except market share parti remain competitor market affect basic land corpor salzburg ag kelag tiwag vkw gap market share verbund energieallianz significantli narrow forese futur parti merger hold remain competitor mention verbund minor sharehold kelag jointli control land carinthia rwe land citi salzburg energi oö share salzburg ag energi oö sharehold carri particip right confer articl associ relat appoint manag board major energi transact statutori right minor sharehold parti steweag steg similar share market small distributor larg custom case structur competit similarli fragment market appli assum market suppli larg custom small distributor parti pre emin posit secur lead posit electr gener parti pre emin market posit primarili base posit upstream electr gener market posit market direct result increas barrier entri market suppli larg custom small distributor increas risk exist competitor marginalis parti posit relev market disput forese futur verbund share gross electr gener austria pre emin posit market prior merger consider strengthen addit energieallianz capabl gener austria bring post merger combin share parti total electr gener austria verbund energieallianz posit ensur improv cost base gener close unprofit thermal station cover gener cost consider block hydroelectr resourc claim depend market situat compens strand cost signific connect parti posit market hydroelectr power gener austria tariff custom set great store suppli quot clean quot electr electr gener nuclear power larg extent local hydroelectr sourc addit electr hydroelectr sourc cheap gener power station concern written depend competitor parti merger appli small local distributor possibl transmiss practic lack resourc part wholesal market depend verbund energieallianz electr suppli numer small privat municip power util state commiss investig supplier compet deliveri larg custom suppli industri commerci custom cheaper price term cost balanc energi place remain competitor disadvantag vi vi verbund energieallianz time constitut barrier entri competitor commiss investig shown risk face unplan cost balanc energi greater smaller market player larg line major competitor provid commiss comment subject balanc energi signific factor minimum size requir competitor enter market merger make easier parti achiev cost benefit coordin balanc energi cost fact cost easier plan imposs remain competitor deriv similar benefit size marginalis remain competitor make market entri difficult merger rais threshold enter market suppli larg custom small distributor high small compani entrant difficulti plan balanc energi cost effect heighten parti pre emin posit provis balanc energi verbund energieallianz largest supplier area combin market share depend suppli period merger elimin verbund current potenti competitor remov major competit forc austria merger verbund ceas compet attract custom disappear current potenti competit forc liberalis austrian electr market verbund largest electr gener import activ entrant market suppli larg custom distributor steweag steg increas share larg custom market market biggest competitor energieallianz increas market share period compani enbw increas market share significantli parti true market suppli small distributor enquiri made commiss small privat municip power util investig reveal power procur contract put tender liberalis case competit contract energieallianz verbund previou supplier region supplier privileg posit negoti ow region custom loyalti municip util frequent obtain contract underlin strong posit region supplier respect result merger verbund disappear competit forc market larg custom market suppli small distributor market verbund biggest challeng strong posit energieallianz combin pre emin posit verbund energieallianz ensu market structur consolid impact legisl discuss recit expect suffici certainti counter consolid suffici short time conclus merger combin exist gener sale activ verbund energieallianz singl econom entiti hold pre emin market posit compar remain competitor verbund elimin current potenti competitor prior merger major competit forc recent liberalis austrian electr market consider worsen structur competit decidedli reduc altern larg custom small distributor merger creat domin posit austrian market suppli larg custom smaller distributor merger strengthen domin posit market suppli small custom merger strengthen energieallianz domin posit market suppli electr small custom household small busi austria merger energieallianz domin posit market suppli electr small custom market suppli small custom structur tabl electr suppli austrian tariff custom gt tabl gt sourc inform provid verbund respons request inform februari energieallianz market share suffici reason suspect exist domin posit share approxim time market share energieallianz nearest competitor steweag steg kelag larg proport market divid numer small small privat municip distributor tradit suppli area firm energieallianz hand cover austria reluct austrian final consum switch supplier market situat chang short medium term small custom austria chang electr supplier month liberalis switch rate collect energieallianz period month give similar figur notic signific proport custom switch supplier energieallianz energieallianz show switch rate averag energieallianz pursu dual brand strategi suppli respect region supplier belong energieallianz supplement cheaper supplier energieallianz switch order retain price sensit custom lost supplier intern document energieallianz show switch posit price term relat supplier energieallianz behav appreci extent independ competitor custom assess factor show prior merger energieallianz domin posit small custom market merger increas energieallianz high market share verbund current share small custom market small steweag steg jointli control verbund market share steweag steg verbund energieallianz market share approxim time market share nearest remain competitor exist market structur addit market share strong evid merger strengthen domin posit merger elimin verbund current potenti competitor signific forc competit household custom market austria major household custom switch supplier start liberalis switch compani verbund interest myelectr unser wasserkraft rwa wasserkraft custom switch largest energieallianz supplier evn wienstrom switch compani figur energieallianz small custom suppli energieallianz switch juli march myelectr unser wasserkraft verbund reduc share unser wasserkraft clear intern document connect merger chang fact hold verbund challeng energieallianz market switch rate low evid fact signific proport switch energieallianz switch directli verbund exist link verbund energieallianz competitor posit neighbour market specif barrier enter small custom market contribut strengthen domin posit addit link verbund energieallianz competitor relat market larg custom small distributor factor suppli small custom custom interest suppli electr ga time custom purchas sourc energi annual cost ga exce electr energi numer supplier small custom municip util activ area multi util energieallianz strong posit natur ga austria supplier ga final consum ga wholesal joint ventur omv econga joint ventur partner evn make market entri expans difficult rival supplier market suppli electr household suppli ga depend econga ga suppli barrier enter market suppli small custom high reluct small custom switch supplier high cost advertis measur attract support custom area invest consider sum build brand supplier suffici access hydroelectr resourc similar quot ecolog quot energi disadvantag austria gener municip util depend suppli form quot full suppli quot addit technic administr servic full suppli includ suppli balanc energi increas municip util depend parti larg provid servic conclus merger strengthen secur energieallianz exist pre emin posit small custom market market remov verbund competit forc strengthen domin posit market suppli electr small custom austria merger creat domin posit suppos austrian market suppli region supplier reason merger creat domin posit parti suppos austrian market suppli austrian region supplier unlik small distributor larg custom austrian region supplier bui signific extent foreign compani unlik easili increas purchas energi purchas manag purchas energi supplier sale set austria expect suppli suffici austrian region supplier land corpor tyrol vorarlberg tiwag vkw suppli area form part german control block develop suppli link germani time differ significantli import busi liberalis cross border electr market eastern control area steweag steg long term suppli contract parent firm verbund leav merger region supplier salzburg carinthia salzburg ag kelag custom market suppli austrian region supplier expect suffici potenti competit suppli corpor austrian region supplier independ parti merger degre gener capabl hydroelectr resourc hydroelectr suppli relev purchas criterion custom appli industri custom hydroelectr power limit extent purchas austria austrian region supplier depend hydroelectr suppli verbund summari result commiss investig produc suffici evid conclud merger creat domin posit austrian market suppli region supplier vii commit enter notifi parti order overcom competit concern identifi commiss notifi parti submit commit full text set annex decis verbund undertak sell hold apc independ parti approv commiss notifi merger take place transfer exist contract final consum contract conclud prior transfer held apc account verbund sale hold apc sell hold myelectr unser wasserkraft refrain exercis vote right deriv hold steweag steg vote influenc competit behaviour undertak regard price product distribut procur withdraw member indefinit steer committe develop distribut polici verbund apc steweag steg remedi problem austrian domest grid kv styria line salzburg line develop interconnector itali slovenia author authoris approv energi oö undertak transfer independ truste approv commiss right deriv hold salzburg ag dividend right deriv sharehold agreement conclud land citi salzburg verbund energieallianz undertak ensur apt offer apc electr suppli contract durat year place term apc twh electr year form precis structur suppli price verbund suppli amp contract termin year request commiss conclud time sourc make apt gwh electr year deriv hydroelectr plant satisfi characterist standard load profil auction lot gwh suppli austria high voltag grid june precis condit suppli final consum implement measur greater detail provis balanc energi primarili concern effort open eastern control area tyrol germani offer kelag dissolv storag partnership kelag verbund addit cost transit period price provis balanc energi provid verbund energieallianz market maker custom find amp unilater termin electr suppli contract earli date month conclus merger long give month notic ensur year start oper amp offer custom year electr suppli contract implement quickli comprehens provis unbundl enact framework austria implement revis electr market direct viii apprais notifi oper pursuant articl merger regul light commit enter commit set recit overcom competit concern austrian market suppli electr small distributor larg small custom apc commit divest verbund control major share apc prevent accumul verbund energieallianz share market suppli larg custom result merger apc respons verbund distribut activ field undertak human materi resourc includ target group list commerc platform back offic system manag enabl purchas enter market larg custom immedi apc exist custom relat transfer purchas repres market share term larg custom purchas independ parti guarante apc grow continu compet activ parti competitor larg custom distributor market commit conclud long term contract apc provid structur suppli twh year condit place apc posit respect amount parti big custom compani amp amount power refer commit cover bulk apc take verbund apt remov electr suppli risk apc buyer buyer structur electr suppli commit short term facilit entri buyer austrian market make buyer substanti expand austrian busi buyer enabl offer effect competit parti concentr effect restrict market power commit year place extend altern sourc suppli buyer end time steweag steg verbund commit refrain exercis control right steweag steg regard decis competit neutralis exist structur link verbund steweag steg transit period effect period steweag steg market share reinforc market posit merg verbund energieallianz unser wasserkraft myelectr verbund commit divest minor hold unser wasserkraft myelectr undertak unaffect influenc financi interest behalf merg entiti compet market suppli power small custom unser wasserkraft myelectr major hold estag salzburg ag import remain austrian competitor merg undertak verbund energieallianz compani success attract small custom liberalis verbund ventur steweag steg tradit suppli market oper small custom market commiss take note commit make condit oblig consortium agreement verbund energieallianz requir verbund divest hold entireti salzburg ag oblig energi oö transfer right deriv minor hold salzburg ag truste end decemb ensur forese futur danger energi oö current right exert influenc obtain inform reduc capac salzburg ag compet activ merg undertak transit period commit ensur parti influenc competit behaviour salzburg ag deal larg custom liquid commit make parti auction annual suppli gwh deriv hydroelectr plant satisfi characterist standard load profil quantiti suitabl suppli small custom ensur competitor enter market suppli small custom futur access addit capac power gener austria suppli custom request hydroelectr power commit increas liquid facilit entri expans exist market share undertak compet parti merger unser wasserkraft myelectr compet parti small custom market likewis enabl expand market share safeguard suppli power balanc energi commit make balanc energi eas access balanc energi parti supplier electr market entrant kelag posit altern supplier balanc energi eastern control area strengthen possibl end current storag cooper arrang verbund econom time price cap impos balanc energi suppli verbund energieallianz period transit full competit austrian power suppli market limit cost risk potenti custom balanc energi open eastern control area tyrol germani notifi parti undertaken bring ensur competit suppli balanc energi medium long term commit relat balanc energi agre notifi parti austrian regul control plan control monitor fulfil commit commiss truste control told commiss commit suffic solv competit problem detect relat balanc energi improv access balanc energi eastern control area entrant market overcom reduc commiss investig reveal kei obstacl entri market enabl potenti competitor austria enter austria electr market compet verbund energieallianz commit commit enter notifi parti improv austrian domest grid interconnector itali slovenia special right termin contract grant verbund larg custom find amp quicker implement unbundl provis contain amend electr market direct alter structur competit condit brought merger implement depend sole wish parti requir involv parti approv author agreement foreign transmiss system oper implement austria author electr market direct simpli relat fulfil futur legal oblig contribut gradual remov current obstacl prevent entri market integr austrian electr market relev geograph market stretch nation border medium long term commit enter behaviour ensur oblig set structur natur succe fulli restor effect competit made condit attach exempt decis ensur remedi packag contribut real remov competit concern note summari apprais commit divestitur verbund hold apc remov market share overlap verbund energieallianz market suppli larg final consum sell apc independ parti creat opportun newcom major power suppli compani oper austria enter compet activ austrian market larg custom parti undertaken implement merger commiss approv dispos apc place full implement commit guarante period open market full liberalis posit steweag steg salzburg ag competitor strengthen temporari freez involv verbund energi oö vertic impact combin verbund domin power gener capac energieallianz posit lead electr supplier austria offset part fact suffici liquid made competit term apc supplier compet market small custom measur improv access balanc energi open austrian market competit medium term overcom obstacl access market increas competit market concern competit concern aris relat conceiv market suppli region distributor overcom remedi packag remedi submit notifi parti commit ensur notifi merger creat domin posit market suppli electr small distributor larg final consum strengthen domin posit energieallianz market suppli electr small custom austria ix condit oblig sentenc paragraph articl merger regul state commiss attach decis condit oblig intend ensur undertak concern compli commit enter vi vi commiss view render concentr compat common market measur effect structur chang market impos form quot condit quot implement step achiev result form quot oblig quot condit fulfil commiss decis declar concentr compat common market null void undertak concern commit breach oblig articl merger regul empow commiss revok clearanc decis articl articl merger regul empow impos fine period penalti parti line fundament distinct commiss make condit decis parti compli full commit undertak sell share apc parti approv commiss ensur apt offer apc electr suppli contract entitl apc twh year refrain implement notifi transact sale share apc effect annex point make apt gwh electr auction year june suppli austrian high voltag grid annex point implement concentr authoris obtain annex end commit intend effect structur chang market commit detail continu oper apc term apc electr suppli contract exercis vote right steweag steg transfer truste sharehold right salzburg ag term auction electr measur ensur competit market balanc energi grant unilater earli termin electr suppli contract larg custom find amp made subject oblig essenti serv ensur condit mention desir effect competit put effect plan conclus reason provid commit enter notifi parti fulli compli accept concentr creat strengthen domin posit result effect competit significantli imped common market substanti part subject full complianc commit set annex concentr declar compat common market eea agreement pursuant articl merger regul articl eea agreement adopt decis articl notifi concentr österreichisch elektrizitätswirtschaft aktiengesellschaft evn ag wien energi gmbh energi ag oberösterreich burgenländisch elektrizitätswirtschaft aktiengesellschaft linz ag für energi telekommunik verkehr und kommunal dienst acquir joint control mean articl merger regul undertak amp gmbh verbund austrian power trade ag declar compat common market eea agreement articl articl appli subject condit commit enter undertak refer articl set point claus point claus sentenc page annex compli full articl decis subject oblig commit enter undertak refer articl set annex except point compli full articl decis address burgenländisch elektrizitätswirtschaft ag kasernenstraß eisenstadt energi ag oberösterreich böhmerwaldstraß linz evn ag evn platz maria enzersdorf linz ag für energi telekommunik verkehr und kommunal dienst fichtenstr linz österreichisch elektrizitätswirtschaft ag hof vienna wien energi gmbh schottenr vienna brussel june commiss mario monti member commiss oj corrigendum oj oj oj oj commiss decis decemb case comp verbund estag paragraph compani previous trade rwa wasserkraft subsequ renam unser wasserkraft origin own verbund raiffeisen ware austria ag rwa commiss decis septemb case comp rwa verbund jv end rwa share part verbund share sold estag part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk oj paragraph full text modifi commit attach annex decis turnov calcul accord articl merger regul commiss notic calcul turnov oj oj paragraph seq österreichisch bundesbahnen öbb feder railwai commiss decis decemb case comp verbund estag consider possibl question limit number larg consum öbb separ larg custom exclud larg custom market larg custom small distributor market ultim affect structur larg custom market assess competit purpos segment assess separ competit concern fact aris austrian distributor except land supplier energieallianz compani steweag steg salzburg ag kelag tiwag vkw compani exclud verbund enbw austria repli commiss statement object parti transact argu classif municip util land capit straightforward purchas behaviour closer land supplier small distributor question import precis classif municip util affect assess competit purpos market suppli small distributor larg custom small distributor market suppli larg distributor market electr trade includ suppli larg distributor reason small distributor told commiss term supplier give small distributor favour offer industri larg commerci consum contest notifi parti decis septemb case iv edf loui dreyfu paragraph decis june case comp veba viag oj paragraph relev market definit notic footnot paragraph seq relev market definit notic footnot paragraph austria tradition export peak load power germani import base load power germani austria rwe suppli final consum austrian subsidiari kelag vattenfal deal final consum austria quot chain quot custom custom draw power larg number suppli point big retail chain late stage proceed parti submit figur conduct respect bid made larg custom energieallianz suggest conduct respect bid custom sampl submit parti consider smaller sampl commiss investig addit sampl except includ small austrian distributor addit clear bid attribut foreign supplier genuin origin supplier bid competit offer custom altern sourc suppli bulk foreign bid enbw german supplier parti figur confirm statement made sourc uct statist yearbook notifi parti quot figur refer exclus thermal transfer capac interconnector control net transfer capac relev practic calcul take account grid make project basi weak point ask capac practic interconnector order ensur steadi network oper event failur circuit transform european associ transmiss system oper etso close stage discuss complet abolit transfer charg effect replac method set price cross border transfer electr relev market definit notic footnot paragraph propos amend electr market direct paragraph relev market definit notic footnot paragraph quot market servic orient custom transit phase histor price year give indic price expect subsequ year hypothet approach basi calcul competit price quot frontier econom gutachten zur frage der marktabgrenzung detail recit convers cost cbt fall buyer push arbitrag cost entrant wish sell trade electr final consum austria frontier econom studi base estim short term profit entrant retain custom year assumpt amp lt acquisit discount custom annual consumpt gwh discount amp lt custom annual consumpt gwh gwh repli commiss request inform parti extend assumpt amp lt discount larg custom annual consumpt gwh contrast commiss market investig undertak competit situat eastern control area compar entrant averag valu upper end scale custom consum amp gt gwh gwh gwh gwh higher assumpt made frontier econom studi lower end scale gwh custom group fell rang studi assumpt valu case higher gwh group gwh group gwh group imposs argu studi assumpt correspond real market condit crucial point repli commiss request inform parti present sensit analysi studi result relat higher acquisit cost analysi acquisit cost higher origin estim explain case li result market investig assumpt price increas requir make profit custom annual consumpt gwh gwh larg custom consum gwh profit threshold entrant price increas increas assum acquisit cost context sensit analysi analysi undertaken parti group custom market investig show acquisit cost state parti suggest increas price need profit reach custom group critic view assumpt made frontier econom studi lead conclus price increas requir make market entri profit short term frontier econom model note market investig commiss ask view undertak suffici familiar market austria market posit eastern control area compar market entrant german undertak enbw swiss firm atel western austrian supplier tiwag vkw undertak oper lowest segment larg custom market myelectr ökostrom commiss receiv repli undertak case quot upper lower limit discount year custom acquisit market entrant question ask quot experi year acquisit discount firm obtain supplier present electr product order induc custom apg area switch supplier give discount net electr price exclud transmiss cost extra charg quot present quot österreichisch stromlösung quot januari price consumpt gwh year sourc eurostat intern regul order compens higher cost unprofit power station built expect continu monopoli right basi oblig impos guarante oper author strand cost electr market direct aid grant limit time decis juli commiss authoris aid eur million number run river hydroelectr station thermal station belong verbund state aid measur austria compens strand cost parti point decis put effect austria partial limit product cost risk benefici cost factor import pool small electr consum classifi lower segment larg custom market small custom market intern document parti suggest parti custom market small custom common posit ec februari adopt council act accord procedur refer articl treati establish european commun view adopt direct european parliament council common rule intern market electr repeal direct ec oj recent european parliament legisl resolut council common posit adopt european parliament council direct common rule intern market electr repeal direct ec cod ta prov common posit ec februari adopt council act accord procedur refer articl treati establish european commun view adopt regul european parliament council condit access network cross border exchang electr oj recent european parliament legisl resolut council common posit adopt european parliament council regul condit access network cross border exchang electr cod ta prov court justic case hoffmann la roch commiss ecr paragraph court instanc case gencor commiss ecr ii paragraph hoffmann la roch footnot paragraph market share recit tiwag market share fall suppli innsbruck municip plant affili tiwag left time combin market share parti increas number percentag point repli salzburg ag date februari request inform commiss footnot recit statist fact larg custom market balanc energi risk balanc energi cost risk fall size balanc group increas likewis parti argument small balanc group lower balanc energi cost reach threshold energi deviat trigger minut reserv convinc larg custom market concern larg custom sector custom purchas signific amount energi figur base amount purchas household tariff custom control annual report annex energieallianz repli commiss request inform februari data wienenergi includ repli incomplet respect verbund austrian power vertrieb gmbh hgb sharehold committe seventh meet novemb agenda item annex energieallianz repli commiss request inform date februari data wienenergi includ repli incomplet respect switch rate submit energieallianz hear show month juli march verbund gain small custom network level switch energieallianz myelectr unser wasserkraft percentag share custom switch energieallianz fell period amp lt unsurpris light plan merger plan cooper ruhrga ag salzburg ag view suppli final consum multi util basi realis date cooper ruhrga ag ultim compet evn energieallianz member link tabl recit presum legisl discuss recit make easier suppli austrian region supplier abroad period background legisl discuss recit period background legisl discuss recit period background legisl discuss recit recit remedi notic recit remedi notic recit footnot annex full origin text condit oblig refer articl consult commiss websit http europa eu int comm competit index en html