Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-255-218"

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"en.20110914.24.3-255-218"2
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"This report, drafted by Mr Chatzimarkakis, concerns a proposal for a regulation of Parliament and the Council on the integrity and transparency of energy markets. The Regulation on Energy Market Integrity and Transparency (REMIT) will be applied to contracts relating to the production, supply and transportation of natural gas and electricity, and aims to prevent abuses in the wholesale energy markets, thus protecting consumers. The recently created Agency for the Cooperation of Energy Regulators (ACER), in partnership with the regulatory authorities of the Member States, will carry out a fundamental role once monitoring of these markets is in place, and will present a report to the Commission annually. Energy costs constitute a substantial share of outgoings, for both individuals and the corporate sector. It will therefore be necessary to prevent unfair practices, which lead to price increases and undermine the confidence of potential investors. I voted for this proposal, as it represents a significant advance in the defence of consumer rights in one of the most important sectors of the global economy."@en1

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