E.ON sells 2200MW of generation, enters Belgium

German utility E.ON has announced that it will sell over 2200 MW of generation capacity from German power stations to Electrabel and EnBW. The move comes after E.ON reached agreement with the European Commission to promote competition in Germany's power market following an antitrust investigation.

The Commission "had concerns that E.ON may have withdrawn available generation capacity from the German wholesale electricity markets to raise prices, and have deterred new investors in generation."

E.ON committed to sell around 5,000 MW of power station capacity and its ultrahigh-voltage transmission network in Germany. As part of the sell off, E.ON has signed an agreement with Belgian energy company Electrabel for a substantial swap of generation capacity. E.ON will sell around 1,700 MW of