Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-484-000"

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"Mr President, Commissioner, ladies and gentlemen, it is our common goal to create a single European energy market by 2014. We want a single European energy market because we believe that it is in the interest of European consumers; after all, this is our only way to keep energy prices in check, increase supply security and prevent commercial abuse. However, there is still much work to be done until this single market can be created. We are lagging behind not only in putting missing cables and infrastructure connections in place, but also on the regulatory side. We are lagging behind in implementation, but so are we in making new legislation. The REMIT report fills such a regulatory gap in the field of wholesale energy trade. This law will allow for the monitoring of cross-border wholesale trade in gas and electricity in the future. Today, the majority of energy products are exchanged in an international market. That is why the current practice of Member State-level monitoring is inadequate to effectively eliminate abuse. Thanks to this law, the European Energy Agency will now also have detailed information about previously non-public wholesale transactions. Thanks to this law, only registered wholesalers will be allowed to trade energy even in countries that do not yet operate a licensing scheme. Finally, thanks to this law, the parties responsible for abuse will be clearly identifiable when penalties are imposed. Ladies and gentlemen, these are important achievements, and I should like to take this opportunity to thank the rapporteur for making them possible. As the chief spokesperson on this issue within the Group of the European People’s Party, I also wish to thank him for his cooperation. Allow me to express my congratulations that, with the help of the Hungarian Presidency, the – I am convinced – best possible compromise for both the Member States and Parliament could be reached within such a short time, in agreement with the Commission."@en1
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