15 Oct 2012 18:28

FAS opens cases against TGK-6 and TGK-7 for price manipulations

MOSCOW. Oct 15 (Interfax) - Russia's Federal Antimonopoly Service (FAS) has opened cases against generating companies OJSC Volga TGK (TGK-7) and OJSC TGK-6 owing to signs that the gencos have violated competition law, the regulator said in a statement.

The statement said that the gencos violated the law by manipulating prices in the framework of competitive power coupling operations for 2013 in the Volga free power transfer zone. The companies gave out inflated price quotations, which were not in accordance with the requirements of economic feasibility.