Enel Defends Its Business Practices After Italian Watchdog Opens Probe
By Helena Smolak
Enel said it adhered to contractual conditions after Italy's competition watchdog opened an investigation into alleged unfair business practices related to the communication of its contract renewal notices.
The country's antitrust authority, known as AGCM, said Tuesday that the Italian energy company defended its business practices, stating it has always acted in full compliance with primary and sector regulations.
The allegations refer to Enel Energia's, fully owned by Enel, contract billing from October to January 2024, charged under higher pricing, which consumers allegedly weren't correctly informed of. Specifically, complainants reported that Enel Energia allegedly packaged the email in such a way that it landed in consumers' spam folder, according to the Italian watchdog.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
April 23, 2024 03:29 ET (07:29 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations