European Commission to examine energy-sector competition
The European Commission (EC) today launched an inquiry into competition in natural gas and electricity markets, in response to concerns from consumers and new market entrants about the development of wholesale markets and limited consumer choice.
Among other things, the inquiry will examine reasons for recent energy price rises. It complements the commission’s monitoring of EU energy legislation, which is not going to schedule in some member states, as well as a detailed report on the energy market due at the end of 2005, says the EC.
Both gas and electricity prices have risen during 2005, and forward prices suggest
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