Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-10-24-Speech-4-034"
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"en.20021024.3.4-034"2
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"Mr President, the European Commission claims that spending more public funds on building additional electricity lines in Europe will enhance competition. There is no academic evidence for this. What do we have to do if we want to reduce oligopolistic tendencies in the European market? Firstly, we must reduce market dominance. We need to bring in measures such as divestiture in those countries where there are dominant operators. Secondly, we must increase centralised electricity production, because that is the only way to make the sector more competitive in the near future.
Independent research shows that there is no economic rationale for spending billions on a new electricity grid. I have with me some summaries of these studies and I will hand them over to the Commissioner. So what should we do with the public funds available to us? We should spend them on gas pipelines, because that will bring more competition and security of supply. We should spend money on offshore projects in the North Sea and the Baltic.
Historically, this market and the grid which exists in Europe were set up to promote centralised fossil fuel and nuclear power plants. If we want fair competition, we have to use some public money to provide a level playing field for offshore projects. We have enormous potential for this.
This should not be a Christmas gift shop. If you look at the annexes to the report, this is a Christmas gift shop with all the electricity lines any operator ever wanted to build in Europe. This is not a good use of European public funds."@en1
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