Economics at your fingertips  

The Acquisition of Endesa by Gas Natural: An Antitrust Perspective

J. Barquin, L. Bergman, Claude Crampes (), Jean-Michel Glachant (), Richard Green (), C. Von Hirschhausen, F. Lévêque and S. Stoft

Competition and Regulation in Network Industries, 2005, vol. 6, issue 4, 213-226

Abstract: Does the project of acquisition of Endesa, one of the two largest Spanish electricity producers, by Gas Natural, the natural gas Spanish incumbent, raise risks of anticompetitive effects? What remedies may eliminate them, if any? Spanish Authorities have to give answer to both questions to clear or prohibit the transaction since European Commission stated that the merger falls outside its jurisdiction.1 According to Spanish law, several aspects have to be considered in reviewing a merger in the energy sector, including the effects on investments. Our article2, however, only addresses the effects on consumer surplus. In other terms, we discuss the case from a purely modern antitrust perspective: will the consumer surplus likely decrease post merger? Section 1 provides an overview of the potential vertical and horizontal effects of gas-electricity mergers and acquisitions. Section 2 focuses on remedies. It explains why merger controls must be more cautious and stringent in electricity than in other sectors.

Date: 2005
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Competition and Regulation in Network Industries is currently edited by Hans Kluwer

More articles in Competition and Regulation in Network Industries from Intersentia
Bibliographic data for series maintained by Petra Van den Bempt ().

Page updated 2020-07-05
Handle: RePEc:sen:journl:v:6:i:4:y:2005:p:213-226