Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-040"
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"en.20070215.4.4-040"2
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"In connection with the report of my fellow Member Mr dos Santos, I would like to draw your attention to one of the key questions in European energy policy. In the course of the present debate on European energy policy there are frequent mentions of the noble goal, also contained in the report: within the next few years the European Union must complete its own internal energy market. There is, however, one vital prerequisite for this to happen: that a healthy, undistorted competition should govern the markets within individual Member States as well.
Unfortunately, however, the recent sector review by the European Commission demonstrates that the European energy market is made up of over-centralised national markets. The old monopolies are still such dominant players today that they dictate or at least strongly influence prices.
In Hungary in the 1990s, the incumbent MVM Company Ltd. and the newly privatised electric energy producers signed long-term electricity purchase agreements. These agreements, due to expire between 2010 and 2020, cover about 80% of the Hungarian electrical energy production market, thereby seriously hampering the liberalisation of the market and keeping consumer prices unreasonably high. The price that MVM pays most generating plants for the contracted energy supply seems considerably higher than the wholesale price MVM would pay if power generating plants had to compete with each other. The legal provision for renegotiating these agreements has not led to any result so far, and so the unsatisfactory functioning of the energy market continues to cause serious disadvantages to consumers.
Ladies and gentlemen, a real internal energy market is crucially important for reaching the goals of Europe’s energy policy. Free market competition reduces costs for citizens and businesses, promotes energy efficiency, encourages investment and also contributes to supply security. All Member States must therefore dismantle market impediments without delay."@en1
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