Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-06-02-Speech-1-101"
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"en.20030602.7.1-101"2
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"Mr President, the rapporteurs involved in this series of reports deserve our utmost praise and appreciation for their Trojan efforts which enabled us to agree on the energy package at second reading and avoid lengthy conciliations.
European electricity and gas networks constitute key pieces of strategic infrastructure. If we want to achieve our Lisbon goals of making Europe the most competitive economy in the world by 2020, we need a truly unified internal market in our major energy resources. I am satisfied that the compromise adopted by the Council involves an important role for the national regulatory authorities. I am convinced that the national regulatory authorities will significantly contribute to the development of the internal market and create fair competitive conditions. Naturally there is need for close, transparent cooperation between the NRAs and the Commission.
I am also pleased that relations between parent companies and subsidiaries have been better defined. A parent company must have effective means of exercising control over its subsidiaries. The original wording could have led to the spinning off of subsidiaries and the breaking up of companies by stealth. This would have been particularly problematic in small Member States like Ireland where there are some naturally imposed restrictions on energy subdivisions due to the geographical isolation and the limited size of the population.
Clearly the way forward for an energy market such as the Irish one is through interconnection. I am pleased that this point has been taken on board and that it has been recognised that building interconnectors is a valid way of opening up the energy market. In Ireland's case this will involve both north-south and east-west connectors and, in due course, a giant UK-Ireland market will be created, offering greater consumer choice and more competitive prices.
The European approach in opening up energy markets and making them more efficient is well balanced. We can learn from the experience of the United States and avoid disastrous mistakes such as the Enron affair. We must reassure both customers of electricity and gas – in particular domestic users and workers in this sector – on this point."@en1
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