Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-513-002"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-09-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Energy market integrity and transparency (debate)2
dcterms:Language	"bg"^^xsd:language2
lpv:document identification number	"en.20110913.40.2-513-002"2
lpv:hasSubsequent	lp_eu:2011-09-13-Speech-2-515-0002
lpv:speaker	lp:Vladimir Urutchev2
lpv:spokenAs	unknown; Citizens for European Development of Bulgaria (2009-07-14--2014-06-30)3,3 substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3,3 member; ITRE (2009-07-16--2012-01-18)3,3 substitute; ENVI (2009-07-16--2012-01-18)3,3 member; EPP (2009-07-14--2014-06-30)3,3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2012-12-10)3,3
lpv:translated text	"I support the Chatzimarkakis report and the compromise reached with the Council on adopting at first reading the Regulation on energy market integrity and transparency. The reason is that it establishes rules for managing this market on a pan-European scale and ensures protection against energy trade abuses which are always at the end customer’s expense. This regulation is a necessary step in the process of building a single energy market with regulatory transparency and sufficiently robust monitoring of consumer protection. In fact, wholesale traders will be obliged to disclose their energy transactions and will be unable to use manipulative practices or insider trading to produce bumper profits mainly through the final prices for energy products and services. The Agency for the Cooperation of Energy Regulators (ACER) is the right institution for monitoring trade transactions and for providing data to countries when they are investigating breaches and imposing sanctions. However, national regulators bear the fundamental responsibility and have the powers to provide a transparent, competitive energy market. I call on the Commission to draft urgently the necessary provisions for reporting information from traders, as well as to set up immediately a single EU register for energy traders. It is high time that only registered market participants should conclude wholesale energy transactions."@en1

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