Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-148-000"
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"en.20110914.24.3-148-000"2
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"Mr President, dishonest practices in the energy markets are contributing significantly to high energy prices and the resulting financial situation of end-users, which means our citizens and businesses. At the same time, they are reducing the confidence of potential investors. In my opinion, the provisions of the regulation should mitigate abuses and manipulation in the wholesale trade of energy products. I agree with the need to prohibit the exploitation of inside information for the purposes of trading on one’s own account. I am also very much in favour of the standardisation of sanctions in the context of price manipulation.
Under the leadership of the recently constituted Agency for the Cooperation of Energy Regulators, transactions relating to the sale of energy products are gaining greater transparency. The system of cooperation between the Agency and national regulatory organs set forth in the regulation makes the process of detecting and eradicating violations of EU law or financial irregularities more efficient. I am expecting the new regulations to improve the stability of wholesale energy markets, so I support this draft resolution."@en1
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