British MP blames France and Germany for holding back EU energy liberalisation
Martin O’Neill, MP and chairman of the UK’s Trade and Industry Select Committee, today said that French and German politicians are holding back the development of a liberalised European energy market. In turn this will hamper development of a mature European-wide energy derivatives market, he said.
Philippe Boulanger, director of France for Spanish utility Endesa, pointed out that some French politicians have unjustifiably used recent power blackouts in Europe as a reason for not supporting the liberalisation of energy markets.
Meanwhile, David Porter, chief executive of the Association of Electricity Producers, told delegates that political risk is currently the biggest obstacle to developing a mature European energy market.
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