Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-496-000"
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"en.20110913.40.2-496-000"2
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"Mr President, Mr Korolec, Commissioner, transparency is a requirement for the increased integration of the EU energy market. This integration brings clear benefits for consumers. The regulation adopted today is a step forward towards the completion of the internal energy market by 2014.
The regulation establishes a database of transactions in the wholesale energy market and a European register of market participants, so as to prevent unfair practices. Unfair practices in the wholesale energy market affect price levels and harm consumers. Lack of transparency can lead to increased prices for end consumers and can undermine the confidence of potential investors in infrastructure projects. This regulation is, therefore, crucial for the smooth functioning of the internal market, and the confidence of consumers and investors in the internal energy market."@en1
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