February 29, 2008
Consensus is growing among a wide range of stakeholders to reinforce the powers of a proposed new European agency to regulate energy markets, it emerged from a Parliament hearing. But opinions still differ sharply in Brussels about the need to break up the EU’s largest energy firms as a means of boosting competition.On 19 September 2007, the Commission put forward its ‘third package’ of proposals to further liberalise the EU’s energy market in a bid to simultaneously increase competition, lower prices and boost energy security in the EU.MEPs, regulators, consultants, legal experts and industry representatives debated the Commission’s liberalisation proposals during a 13 February hearing organised by the Christian Democrats (EPP-ED group) in the European Parliament.
Panellists discussed two of the main elements of the third package: the proposed new Agency for the Cooperation of Energy Regulators (ACER) and the notion of breaking apart large, vertically integrated energy firms through ownership unbundling.
From Eur ActivAuthor : EMI