Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-491-000"
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"en.20110913.40.2-491-000"2
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"Mr President, we are now beginning to realise, 10 years after the deregulation of the energy market, that it will not function entirely without rules. According to the Commission, deregulation should have led to reductions in prices, but, in fact, the opposite was the case. Insider trading and withholding capacity have resulted in some market participants playing a dominant role. The consequence of this has been fluctuating prices, with private households, as always, being the ones that suffer.
Therefore, it makes sense for the wholesale traders to disclose the information relating to their pricing policies. However, creating yet another new agency with additional costs and administrative expense in order to achieve this is a highly questionable approach. The Commission could deal with this issue itself within the Directorate-General for Competition.
In addition, we need a minimum level of consistent sanctions, otherwise the companies will simply move their headquarters to the countries which have the least stringent sanctions. Therefore, in this case, consumers and the EU will also have to continue bearing the consequences."@en1
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