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Special Report: Pressure’s on to open EU’s energy markets

02/23/2009
Click here to enlarge imageOne of the priorities for the European Union (EU), which now comprises 27 member states, is advancing its gas and electric power liberalization agenda. Adoption of its third energy liberalization package would move the EU closer to that goal, but adoption still faces a number of obstacles. Protectionism of national monopolies has been at the core of a 10-year battle against opening markets to new participants. However, security of supply is now one of the EU’s major energy objectives, and the longer market liberalization is delayed, with companies not investing in a timely manner, the deeper is the risk of endangering supply security. In 2003, the Intern...
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