Use Of Algorithms In Energy Markets: ACM Sector Inquiry Report

Technology continues to have a major impact on the functioning of businesses in the ever-evolving commercial world. One of the increasingly popular recent developments is automated pricing driven by algorithms, machine learning and artificial intelligence. While this technological advancement promises efficiency and dynamic pricing strategies, it also raises significant competition law concerns.

Recently, there have been developments globally in this regard: The US competition authorities FTC and the Department of Justice's Antitrust Division (DoJ), the UK competition authority CMA and the European Commission issued a statement emphasising their commitment to protecting competition in the AI ecosystem.¹ The aim of this statement is to ensure effective competition in the rapidly growing artificial intelligence ecosystem, guaranteeing fair and honest practices for both consumers and undertakings. The FTC and the DoJ issued a statement of interest in the case of