Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-261-500"

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"en.20110914.24.3-261-500"2
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"I congratulate Mr Chatzimarkakis on the excellent work he has done. Today we have approved new rules to prevent market abuse in the wholesale energy sector and hence to protect end consumers. Europe’s wholesale energy market will be monitored by an independent agency so as to enable national governments to prevent or penalise behaviour which undermines free competition. Energy must remain within everyone’s reach. We want prices to be transparent for consumers, but unfortunately there are many hidden costs in the excessive prices that consumers ultimately pay, and this has a very negative impact on growth and employment. Europe needs a more transparent energy market, a market protected from abuse: that is the purpose of this regulation. I therefore welcome these new measures, which guarantee transparency and help prevent market abuse in the wholesale energy sector, thereby ensuring fair prices and free competition."@en1

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