Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-13-Speech-1-122"

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"Mr President, Commissioner, ladies and gentlemen, the blackout in Europe affected 10 million people from Germany to Spain. The power cut was a salutary reminder of how closely we are connected to each other via the electricity network and how vulnerable we are at the same time. We still do not know why it happened. In practice Europe has a common electricity network, but not a common energy policy that would secure supply. No viable internal market for electricity has been established. It is paradoxical that the more our networks are connected, the more vulnerable we are to power cuts. Although connecting up the networks is an attempt to improve the security of supply of electricity everywhere in the Union, an adverse effect is that any problems that arise will affect us all. That is why we need above all to ensure that our common networks function properly, that there are emergency systems that operate nationally, and that the system is monitored by one authority. We need security standards, as the Commissioner said. The likelihood of other energy crises was heightened when the energy production plants were privatised. The state used to own these companies and invested in the long term. Now we have reached the quarterly investment stage where cash has to be recouped fast, and that is why there is no long-term perspective. The Commission has taken prompt action, and we are grateful for that. The national transmission system operators must in future cooperate more comprehensively and more transparently. In addition, the strategic review on energy out in January needs to examine the possibility of setting up a common regulatory authority. Moreover, companies need to take responsibility and invest more than they do now in transmission and emergency capacity. If that does not happen, governments will have to intervene and do what they had been doing up until the current phase."@en1

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