The Commission investigated a global cartel which raised the cost of components used in the transmission of electricity (gas insulated switchgear – GIS). Schneider admitted its involvement in the cartel until it was excluded by the other participants in December 2000. It admitted breaching the Commerce Act by giving effect to the cartel in New Zealand. Schneider was fined $1.1 million.
PartiesSchneider Electric SA
Category
Anti-competitive conduct
Sub-category
Act/Section
Commerce Act ss 27, 30, 80
Industry
Electricity, gas, water, and waste services