• search

EU Commission targets states over energy markets

Written by: Staff

STRASBOURG, France, Apr 4 (Reuters) The European Union executive took legal action against 17 member states on Tuesday for failing to follow EU rules that aim to open the 25-nation bloc's gas and electricity markets to more competition.

The European Commission said Austria, Belgium, Britain, the Czech Republic, Germany, Estonia, Spain, Finland, France, Greece, Ireland, Italy, Lithuania, Latvia, Poland, Sweden and Slovakia would receive warnings for failing to properly adopt the EU rules. Spain would be warned for poor application.

''Member states must implement the directives on gas and electricity quickly and in full, not only in form but also in substance,'' Energy Commissioner Andris Piebalgs said in a statement.

Some states were also criticised for failures relating to biofuels, oil stocks, and the use of renewable energy sources for electricity.

The EU is trying to create a better integrated gas and electricity market so consumers around the bloc can have more freedom to choose what company supplies their energy needs.

The union is also trying to develop a common policy for dealing with external suppliers such as Russia.

The EU started liberalising its energy markets over six years ago but in many countries huge former monopolies still dominate the gas and power business, keeping prices high and making it difficult for newcomers to gain a foothold.

Reuters MP RS1943

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more