ROME -Italy’s antitrust authority on Friday said it had dropped its investigation into energy companies A2A and Hera over suspected improper price-setting for gas and electricity.
The agency also said its investigation into other utilities including Eni and Enel would no longer cover price changes for contracts which had already expired or were due to expire.
The decision comes after the Italian government returned to the issue this week, allowing utilities to go ahead with changes to expiring gas and electricity supply contracts which the antitrust authority had previously suspended.
The antitrust agency said it had found evidence that Hera and A2A had only changed prices for contracts that had expired or were about to, meaning it no longer had grounds to investigate them.
Bologna-based Hera said in a statement that the watchdog’s decision acknowledged that the company had always complied with regulations and respected its commitments to its customers, offering new contractual terms only when previous ones were due to expire.
A2A was not immediately available for comment.
Eni, Enel as well as Edison, Acea and Engie remain under investigation for the alleged improper price-setting.
The five energy companies were given five days to comply with an order to suspend all unilateral price changes they have introduced for open-ended contracts, with no clear or predetermined expiry date.