Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-10-25-Speech-2-203"
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"en.20051025.21.2-203"2
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".
The Commission believes that the degree of concentration in the energy market of many Member States is considerable. At the same time, energy markets have seen some new entrants in many Member States, either in the form of start-ups or through companies established in other Member States setting up subsidiaries. Therefore, consumer choice has increased in many parts of the Community.
A high degree of concentration may negatively affect the level of competition in these markets. The price level of energy may be one indicator for this; however, it has to be borne in mind that the price of energy is also influenced by many other factors: oil, gas and coal import prices, prices of CO2 emission allowances on the carbon market, additional expenditure for the support of renewable energies, and increasing internalisation of the external cost of energy.
That is why the Commission is monitoring the competitive dynamics of the markets at issue very carefully and why it recently launched an inquiry concerning the European energy sector. We await the findings of this inquiry.
As far as energy mergers are concerned, their possible impact on the level of competition has to be evaluated on the merits of each case. The Commission is strongly committed to carrying out this assessment with great attention in order to protect European consumers against the risk of reduced competition and unjustified price increases. The Commission would like to draw the attention of the honourable Member to the fact that it is currently carrying out phase II in-depth investigations into the E.ON/MOL merger in Hungary and the DONG/E2 merger in Denmark."@en1
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