Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
MEPs approve softer version of energy law - EUobserver

EUOBSERVER / BRUSSELS - The European Parliament has approved a watered-down version of an energy package aimed at further liberalising the bloc's electricity and gas markets, while strengthening consumer rights.

Initially targeting full separation of transmission and production activities in energy giants like E.ON or GDF - also known as "unbundling" - the compromise approved on Wednesday (22 April) by the European Parliament gives big energy players the option of keeping the two types of activities, but under stronger supervision.

Electricity transmission networks

The EU goal is to facilitate network access for smaller energy companies without their own grids, as well as to ease up cross-border investments and trade in EU's €300 billion electricity and gas market, which is still fragmented by national barriers.

"The package will give the EU a clear regulatory framework needed to ensure a properly functioning internal market and to promote much needed investment, especially by cross-border and regional cooperation," EU energy commissioner Andris Piebalgs told MEPs in a plenary debate ahead of the vote.

by Fran on Wed Apr 22nd, 2009 at 02:13:07 PM EST
[ Parent ]
Cos de-regulation and increased competition have worked so well .....

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Apr 22nd, 2009 at 04:59:54 PM EST
[ Parent ]
This is actually good - rather than force unbundling they treat vertically integrated companies as regulated monopolies.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Apr 22nd, 2009 at 05:01:16 PM EST
[ Parent ]
Before even considering unbundling of transmission from generation they should look at the fiasco in California in the '90s, complete with Enron traders joking how they were going to screw those California "grannies."  Regulated monopolies are FAR better.  The real alternative would be an EU wide single transmission system owned and operated by the Union.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Apr 22nd, 2009 at 10:31:07 PM EST
[ Parent ]
Hmm-mmm, I have to look at the details to pass judgement. The silly liberalisation goal has not been abandoned yet, and the precise rules might still more benefit the quasi-monopolies than the regulatory intent.

Plus, there is always the potential problem that a newly created regulatory board will be staffed with people originating in the former monopolies, and just continue their policies while nominally independent.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Apr 23rd, 2009 at 03:19:14 AM EST
[ Parent ]


Occasional Series