Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-265-000"

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"en.20110914.24.3-265-000"2
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"− I support the proposal for a regulation on wholesale energy market integrity and transparency. The topic is a very sensitive one, given that wholesale market prices also determine energy costs for households and businesses. Citizens, businesses and authorities must have confidence in the transparency of the wholesale energy markets. The objective is to reinforce the legislative framework regulating the energy product market in Europe ahead of regulatory harmonisation aimed at creating an internal energy market. Businesses in particular are relying on this new regulation to allow them to respond to changes in market conditions with greater flexibility, and to support the new generation and infrastructure investments necessary for transforming the supply of energy in Europe. If this fails, it could discourage investment and increase the volatility of energy prices. For example in Italy, my own country, energy market liberalisation is a two-speed process. It is effective in the electricity market, which is already successfully open to competition, but it is encountering resistance and difficulties in the gas market, which is penalised by a lack of competition. Therefore, to conclude, I believe it is necessary to ensure effective coordination between national regulatory authorities and the Agency for the Cooperation of Energy Regulators."@en1

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