Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-266-500"
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"en.20110914.24.3-266-500"2
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"The electricity and gas market, particularly the wholesale market, must have a legal framework suited to energy matters. That is the only way to prevent abuses and manipulation of the energy sector, allowing end consumers fair, competitive, transparent prices. This regulation imposes rules regarding the abuse of inside information, market manipulation and the publishing of inside information. The recently established Agency for Cooperation of Energy Regulators (ACER) has the role of monitoring information provided by the Member States, and later reporting it to the Commission. It also aims to provide ACER with the human and financial resources necessary for it to function, so that in the future it will be able to draft delegated acts. A licensing scheme for energy traders, valid throughout the EU and required for traders carrying out transactions above a certain threshold, which could be removed in case of breaches of this regulation, is an essential factor in this measure’s success. This report, which is specific to the wholesale electricity and gas sector, is crucial to the implementation of a common energy policy across the 27 Member States. There is an urgent need to create a sustainable and competitive market and, at the same time, reduce the EU’s foreign dependency."@en1
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