Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-04-03-Speech-1-101"
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"en.20060403.10.1-101"2
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".
Mr President, Commissioner, the objective regarding trans-European energy networks is a good and necessary one. A single market, however, will not solve all the problems, and, furthermore, it will bring with it new ones.
If a trans-European single market for electricity is established, it will mean a rise in the price of electricity, for example, in my country, Finland. If the price of electricity in some other country falls, consumers in my country will pay for it. In a single market, producers of cheap atomic and hydroelectric power would always sell the electricity at the highest market price. Consumers in the producer country, in our case Finland, will not enjoy any price advantage linked to the fact that our waterfalls are harnessed for the production of energy from the fishing industry and transport for that spent nuclear fuel is buried for all eternity in our soil.
We have recent experience of the Nordic single electricity market concerning how producers speculate on the price of electricity so that they do not utilise all their production capacity. During the peak in gas prices in Great Britain, the gas pipeline to the continent was not being used to full capacity. The free market also means the freedom to speculate."@en1
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