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Verbatim report of proceedings
Monday, 9 March 2009 - Strasbourg OJ edition

Commission Reports on Competition Policy 2006 and 2007 (short presentation)
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  Louis Grech (PSE), in writing. I welcome the efforts of the Commission in the field of competition policy, its effective challenging of cartels and the record fines that were imposed on offenders in 2006 and 2007. I fully support the Commission conclusion that European energy markets are not functioning properly. In that regard, it is very disappointing that the European Council has failed to resolve the issues identified by the commission in its sectoral analysis. Energy costs represent a share of household budgets that is growing at an alarming rate, and with the effects of the financial crisis we are likely to see a substantial increase in poverty across the EU. It is unacceptable that energy market inefficiencies are distorting the market to the detriment of businesses and consumers. To address irrational energy pricing we should probably consider the creation of an independent energy regulators in all member states who would have the competancy to ensure that any increase in pricing levels of public utilities like energy and water, drainage, airport charges etc..., would have to be justified.

 
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