The Superintendency of Competition has asked to review the process of not limiting the participation of companies.
From a press release bythe Superintendency of Competition (SC):
The Board (CD) of the Competition Superintendence (SC) has issued an opinion on the bidding process for the supply of 300 MW of firm capacity and associated energy. The Superintendent noted that the tender conditions contain some measures that could limit the number of potentially interested parties in participating in the bidding process.
The Salvadoran Superintendence of Competition has fined the company $75 thousand for not giving complete information and not including VAT on the unit selling price of gas cylinders.
"... TROPIGAS committed an administrative offense defined in article 38 paragraph 6 of the Competition Act, having provided in an inexact manner the information required in the process of preliminary proceedings initiated in May 2011 in the gas market," reported Elsalvador.com article.
Members of the Transactions Unit can decide to prevent the entry of certain operators and replace them with another more expensive ones, in order to raise the price of energy.
"At the request of the General Superintendency of Electricity and Telecommunications (Siget), the Superintendencia de Competencia (SC), analyzed the current conformation of the Transactions Unit (TU) and concluded that it must "remove control" possessed by participants in the wholesale market in making decisions about its management,", noted an article in Elmundo.com.sv.
The Superintendency of Competition in has sanctioned Total El Salvador with a fine of $69,314 for filing incomplete information in an investigation into the liquefied gas market.
A statement from the Superintendency of Competition (SC) reads:
The Superintendency of Competition (SC) has fined the company Total El Salvador, S. A. de CV $69,314 for filing incomplete information in a case that the institution has been investigating in the market for liquefied petroleum gas.
The Superintendence for Competition in El Salvador requires proof that the economic concentration will bring significant gains in efficiency, with direct benefits for consumers.
A press release from the Superintendency of Competition (SC) reads:
The Board (CD) of the Superintendency of Competition (SC) has decided to impose ex ante conditions on the economic concentration operation between PUMA and ESSO.
The purchase of Shell's Salvadoran operations by Honduras' Grupo Terra could become official in March.
Representatives from the Salvadoran fuel distribution industry explained that the only step remaining is the approval of the Competence Superintendence (SC). This entity has until March 9 to comply.
"Since December 2009, the SC has been reviewing documentation provided by Shell and Grupo Terra.