E.U. Officials Divided Over Energy Regulator Proposal
By Erin Marie Daly
Law360, New York (March 15, 2006, 12:00 AM EST) -- Amid a growing sensitivity to energy prices and national protectionism across the continent, the first full debate on whether the European Union should adopt a bid by the European Commission to instate a single regulator to oversee the country’s €250 billion electricity and natural-gas markets has left energy ministers divided.
The E.U.’s executive body suggested setting up a pan-European regulator last week as part of its efforts to stimulate competition and lower prices for consumers.
But several member states have disagreed, calling the bid unnecessary and...