Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-17-Speech-2-280"
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"en.20080617.38.2-280"2
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"Mr President, first of all I would like to acknowledge the major contribution of my immediate predecessor and, as it were, co-rapporteur, Mr Brunetta, who had to leave this House for another post in his mother state. I would like to thank the shadows for their constructive cooperative approach, which enabled us to create a broad consensus.
It is an interesting challenge to find the right balance between leaving the national regulatory authorities alone to do their own thing and to create an EU regulator. For markets to function well, the role of regulator is absolutely crucial. This agency would complement at European level the regulatory tasks performed by the NRAs and do so by providing a framework for them to cooperate with each other by regulatory oversight of the cooperation between transmission system operators by giving the Agency individual decision powers and by giving it a general advisory role. The Agency would have an advisory role vis-à-vis the Commission as regards market regulation issues and that is an important function.
In the course of the debate on this regulation we have become more convinced of the need to go beyond the Commission’s proposals for the Agency to create an agency with more independence and more decision-making powers. If the Agency is to contribute effectively to the development of an integrated competitive energy market for the European Union, the Agency will need more extensive powers and be independent of the Commission in order to handle cross-border situations and deliver effective cooperation between the TSOs and the NRAs – the National Regulatory Authorities.
So we proposed new decision-making powers for the Agency, in particular over the development of the technical codes which my colleagues just mentioned, and the investment plans of the TSOs and a greater regulatory and financial independence. However, with that greater power and independence should come greater accountability to Parliament in particular, but to stakeholders as well. We have therefore proposed to increase the Agency’s requirement to consult, its requirement for transparency and its accountability to Parliament.
I should emphasis that we have sought to ensure coherence and consistency in this report and this regulation with the other parts of the package. We have been aware of the issues raised by the Meroni judgment, but nevertheless are of the view that our proposals are appropriate.
The proposed changes to the structure are designed to secure the most effective balance between the needs for regulatory independence and appropriate political control on the other hand. A key principle for me, and for us, is that the independence of the Agency is critical, not only for its effectiveness, but also for its credibility. We therefore propose a stronger role for the board of regulators, a time limit to ensure speedy decision-making and increased financial independence for the Agency.
The future of the European energy market and its development after the implementation of the third energy package will require an important role to be played by the Agency, and that is why the power and independence of the Agency must be enhanced over and above the level proposed by the Commission."@en1
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