European regulator must be independent

Wood, Janet
February 2008
Utility Week;2/1/2008, Vol. 28 Issue 14, p25
Trade Publication
The article deals with issues concerning the proposed establishment of the Agency for the Co-operation of Energy Regulators in Europe. According to a working document presented to a European Parliament committee, the proposed agency must be able to make binding decisions independently of the European Commission, rather than having a purely advisory role. The report complained that the Commission's current proposal abdicates basic principle of economic theory because it allows market actors (the transmission system operators) to set market rules.


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