New EU Rules Aim To Keep Energy Market Competitive

Law360, New York (September 14, 2011, 2:51 PM EDT) -- European Union lawmakers on Wednesday passed new rules requiring traders to disclose details on their deals in wholesale energy markets to allow member states to prevent and punish anti-competitive activity.

Lawmakers expect the regulations, which easily passed with a 616-to-26 vote in the European Parliament, to lower energy prices for consumers. The new rules ban insider trading and market manipulation, and set penalties for violations.

"We want pricing for consumers to be transparent and unfortunately there are too many deals in the wings paid for at...
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