Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-505-000"

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"Mr President, as we are talking about transparent markets and consumer rights protection, I want to start by welcoming such a report. This marks a step in the right direction. However, we must do everything possible to ensure that this market links up regulated markets and power exchanges which will operate everywhere in Europe and create, in the long run, a European system based on an energy market regulated by a single exchange. Secondly, a minimum threshold must be encouraged, along with a minimum number of spot transactions to be completed in these markets, as a large number of these transactions are completed on a long-term basis and have nothing to do with price movements on the global markets. Thirdly, additional measures need to be adopted to do away with the monopoly position of those who purchase energy on a wholesale basis. Lastly, I would like to mention that transactions are needed to compensate power producers for …"@en1
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