Videogamer.com is reporting that a new EU Commission policy is being aimed at Microsoft, Sony and Nintendo concerning high console prices in the UK.

A senior Commission official told the Daily Mail newspaper: “We are screening the markets, taking into account levels of complaints about prices, pricing patterns across Europe and customer satisfaction. We are looking for the kind of retail patterns which raise questions.

“Just exposing the real price of certain goods in different parts of the EU can have the desired effect if undue markups are being placed on items.”

It is reported that if these companies are found guilty of price fixing, they could face fines of 10% of their annual turnover.

More information here.