Antitrust fines Supermoney for unfair trading practices

The Competition and Markets Authority imposed a fine of 1 million and 480 thousand euros on Supermoney Spa for unfair commercial practices. The company owns a site that compares electricity and gas offers. According to Antitrust Supermoney “disseminated claims without information on how to obtain the announced savings and defined a classification of commercial offers without specifying the criteria used. Furthermore, the company did not specify that the activity, carried out through the comparison site in favor of its partners to conclude electricity and gas brokerage contracts, was remunerated.

After the investigation began, Supermoney put an end to the incorrect behavior and increased the transparency of information on the criteria for classifying offers and clarified that the company carries out commercial intermediation activities for certain operators in the sector. “The transparency of the information provided to consumers regarding electricity and gas offers, also through comparison tools such as Supermoney, is of considerable importance – in this particular phase of transition from the protected to the free market – for guarantee conscious choice,” says an Antitrust memo.

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