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Year: 2012
Date: 8 August, 2012
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: In August 2012 Ofwat consulted on its intention to accept, from Severn Trent PLC (Severn Trent) and its relevant subsidiaries, binding commitments under the Competition Act 1998 (the Act). These commitments were offered to address potential concerns that certain contracts entered into by Severn Trent had been priced below cost. These potential concerns were raised by Ofwat following a complaint from ALcontrol UK Limited (ALcontrol Laboratories). ALcontrol Laboratories alleged that the below cost pricing had been funded by a cross subsidy to Severn Trent Laboratories from its sister company, Severn Trent Water Limited (Severn Trent Water). That is, that Severn Trent PLC may have leveraged its dominance in one market to commit an infringement in another.
Agency: Water Services Regulation Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: utilities and power generation
Specific Industry of Parent: water and sewer services
Source of Data: (click here)