EU says several energy ministers back unbundling generation, transmission

EU

A significant number of European Union energy ministers favor an energy package that would break up the bloc’s largest utilities by separating their energy transmission from their generation assets, the European Commission said Monday, citing the EU Presidency’s progress report.

Under the EU plan proposed by the commission, utilities that generate electricity or extract natural gas will have to sell their transmission networks or lease them to an independent operator. The progress report also said that some ministers remained to be convinced. The report also said that all 27 EU member states agreed rules on the separation of transmission and generation assets - also known as unbundling - should be similar to avoid distortions between member states in the internal market and that they have to be based on independently run „networks that guarantee independence of decisions on investment in infrastructure.”

The European Commission, the EU’s regulatory arm, originally wanted to split up energy companies such as E.ON AG and Electricite de France SA, a move known as ownership unbundling. But resistance from several countries, particularly Germany and France, compelled the commission to allow another option, namely the creation of independent transmission system operators that would operate the electricity cables and gas pipelines on behalf of their owners. (marketwatch)

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.