Ofgem issues Statement of Objections to PayPoint
Ofgem has issued a statement of objections to PayPoint in its investigation into a suspected infringement of UK and EU competition law.
PayPoint provides over-the-counter (OTC) payment services to prepayment energy customers in the UK.
The statement of objections alleges that PayPoint held a dominant position in the market for OTC payment services for prepayment energy customers for at least the period from April 2009 to October 2018. It further alleges that PayPoint included exclusivity clauses in most of its contracts with energy suppliers and retailers, excluding its competitors from the market and in breach of Article 102 of the TFEU and/or the Chapter II prohibition.
PayPoint now has an opportunity to respond to the allegations. The case will then be considered by Ofgem’s enforcement decision panel.
https://www.ofgem.gov.uk/publications-and-updates/investigation-whether-paypoint-plc-has-infringed-requirements-chapter-ii-competition-act-1998-andor-article-102-treaty-functioning-european-union
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