Antitrust - Case 21

Pass-through analysis of CO2 certificates in the German electricity sector

E.CA was asked to assess the economic rational of pass-through of the costs of CO2 certificates in the electricity sector. Based on theoretical grounds and an assessment of the specificities of grandfathering rules we considered pass-through economically justified and not an indicator of single or joint dominance. The case was finally settled with the national competition authority and our assessment was published in a journal (WuW).