Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-07-09-Speech-1-157"
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"en.20070709.19.1-157"2
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"Madam President, I hope the Commission will heed the vote of the committee when preparing the revision of the directive and not kow-tow to Member States which protect companies which overcharge their consumers. They have a vested interest in maintaining a system where there is an inbuilt conflict of interests which stops competitors from having access to the same market. These are often the same companies which care more about giving profits to their shareholders than providing serious investments to ensure that the lights are kept on.
I urge you not even to offer the ISO model, which would require a magnificently complicated regulatory system which would have to be policed by an army of officials, but understand also that ownership unbundling needs rules. We need to ensure that we protect energy networks from hedge funds or private equity, which will not give the long-term investment commitment that is necessary, and let us stop third-country companies from buying either generation or energy networks if there is no reciprocal agreement with that country.
I urge you also to put right the false impression on ownership unbundling spun by the German Presidency following the last Energy Council meeting. The majority of Member States are in favour of full ownership unbundling, especially in electricity. Do not be bullied by the big boys and let democracy and the consumers speak."@en1
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