Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-11-Speech-2-112-000"
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"en.20120911.6.2-112-000"2
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"Madam President, I have one question for Mr Almunia. I would firstly like to congratulate you on your actions against Gazprom. We cannot accept what they are doing and I think we should also largely ignore Mr Putin’s recent declaration. We have an internal market and they will have to abide by the rules.
Basically, power exchanges fix prices. In Germany, there are some discussions and some studies that show the following. The prices on the power exchange in Leipzig have gone down over the last two or three years but the contracts, and the reduced costs for the companies and traders buying electricity on the power exchange, have not meant that these benefits have been passed on, particularly to smaller consumers. At the same time, when E.On and RWE presented their balance sheets this year, we – and the media – discovered huge profits. Last year alone, there were profits of EUR 3 billion plus. Some would argue that there is a strong connection between not passing on reduced prices on the Leipzig power exchange and the big benefits for larger – and perhaps also some smaller – companies.
Are you following this situation, and what can you do to ensure that smaller consumers also get the benefit of reduced prices on the power exchanges? Otherwise, people will lose trust in the pricing."@en1
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