Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-486-000"
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"en.20110913.40.2-486-000"2
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"Mr President, an effective price mechanism will determine whether we can have an effective energy market. An effective energy market is a cornerstone of smart climate policy. The ownership structure is an important contributory factor when it comes to prices, but an explanation can also be found in the lack of transparency. As a result of the lack of competition, electricity companies’ income from electricity network charges has increased sharply.
As usual, there are politicians proposing various different types of planned economy experiments to solve these problems. There is one thing that I would like to make very clear, however. Re-regulation or monopolisation of energy production and distribution will never provide the solution. Instead, the future is a more transparent market where the combined power of all of Europe’s consumers is able to set the agenda.
However, the energy production that future consumers will encounter will look rather different. Therefore, the network needs to be rebuilt in order to cope with feed-in electricity generation schemes. In order to avoid electricity price shocks, there also needs to be an increase in the proportion of smart electricity meters. Consumers can then see the price and how much electricity is being consumed. It will be possible to choose both green electricity and the cheapest time of the day to switch the washing machine on. That will also give us a more uniform demand curve and a more consistent price level.
In order to achieve all of this, we need investment. From the point of view of long-term competition, Europe’s level of investment, totalling 19% – which is only a third of the equivalent investment by China – needs to be increased. In order to contribute to this increase, we must improve cooperation between the private and public sectors.
With the aid of the legislation that we will vote through tomorrow, among other things, our policy can help by providing an incentive structure that will make investment in smart energy infrastructure more worthwhile. I would therefore like to congratulate the rapporteur, Mr Chatzimarkakis, who has once again done a fantastic job on a difficult report. It will increase transparency in the energy market. General and long-term ground rules that help to provide a better and effective market are necessary in order for us to both achieve economic growth and meet our climate targets. Enormous sums need to be invested, but if there is something that is worth investing in, it is the future."@en1
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