Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-21-Speech-2-091"
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"en.20090421.17.2-091"2
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"Madam President, from time to time I have heard the single electricity market on the island of Ireland held up as an example of such concepts in action. Judged by what matters most to consumers – namely price – I have to say it is not a success. When Minister Dodds launched it, he promised efficiency savings and enhanced competition to help minimise the wholesale costs of electricity, with the vast bulk of the benefits going to the consumer. This rings rather hollow now, not least to the consumers from Northern Ireland who are in the public gallery listening to this debate.
In my view, part of the problem is an ineffective regulatory process that is too aligned to the industry and too excusing of continuing high prices, even when the price of oil has radically fallen. Forward buying at the top of the market, giving sky-high prices today, barely raises a whimper from the regulator, leaving hard-pressed consumers without the relief that he should be providing."@en1
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