January 27, 2008
The Commission’s proposals to further liberalise the EU’s energy markets include plans to create a new European agency designed to oversee cross-border cooperation for gas and electricity transmission between member states. But regulators question whether the agency will have enough powers to effectively fulfill its mandate.
The limited powers of a new Agency for the Cooperation of Energy Regulators (ACER), as proposed by the Commission, came under scrutiny during a 24 January public hearing in the Industry (ITRE) Committee of the European Parliament.
Sir John Mogg, President of the Council of European Energy Regulators (CEER) and chair of the European Regulators’ Group for electricity and gas (ERGEG), told MEPs that in order to be effective, ACER would need to possess strong independent regulatory powers similar to those of national regulators. And Pippo Ranci, a professor at the Catholic University of Milan and a specialist in regulatory affairs, questioned the effectiveness of the new agency. Ranci previously argued that ACER will likely be “not very useful”, because it will be characterised by excessive bureaucratic “weight” without having strong regulatory powers.
from Eur ActivAuthor : EMI