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Article: ELECTRICITY MARKETS : INDEPENDENT STUDY CONFIRMS COMMISSION'S FINDINGS.
- Article from:
- European Report
- Article date:
- April 23, 2007
CopyrightCOPYRIGHT 2007 Europe Information Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fuel costs have contributed to the increase of EU electricity prices since 2003, and wholesale electricity prices are significantly higher than would be expected on perfectly competitive markets. The European Commission's conclusions, after completing its sectorial enquiry, have been confirmed by a detailed study carried out by an external consultant (London Economics), whose results were published on 20 April.
The study carried out a detailed analysis of the wholesale electricity markets of six member states - Belgium, Germany, Spain, France, the Netherlands and Great Britain (the United Kingdom excluding Northern Ireland) - for the period 2003 to 2005.
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