Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-499-000"

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"Mr President, the integrity and transparency of the energy market are key tools for completing the internal energy market by 2014. We need to bear in mind that the incidence of abuses on the energy market in one particular Member State can have repercussions across the whole European Union. I wish to reiterate that energy liberalisation must primarily benefit consumers, boost investments and not create tycoons over night, as has happened in some Member States, like Romania. We must not forget that the basic purpose of the European energy market is to offer consumers lower prices by stimulating competition. The European regulatory agency must play an important role in preventing market abuses and manipulation, which cause price rises for consumers, and help inform European citizens about the rights they have in a competitive market. I should stress that national regulatory authorities must accept communication and cooperation with the Agency for the Cooperation of Energy Regulators (ACER)."@en1
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