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Page added on July 30, 2007

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France and Germany lead EU energy reform protests

The economy ministers of six EU countries led by France and Germany have written to the European Commission to protest its plans to reform the energy sector, Financial Times Deutschland reported Monday.

“The idea that only the complete separation of production and distribution can pave the way to the development of the EU’s electricity and gas market must be rebutted,” said the letter, written by French Economy Minister Jean-Louis Borloo and signed by his counterparts from Austria, Germany, Greece, Luxembourg and Slovakia, according to the newspaper.
Other EU members, including Britain, Spain and Sweden, support the wish of European Competition Commissioner Neelie Kroes to “unbundle” energy production and supply in an attempt to increase competition.

But EU heavyweights France and Germany are concerned that their major energy groups such as EDF and EON would be seriously weakened by such a move.

EUbusiness



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