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Report Targets EU Electricity Market Condensation

Law360 (April 20, 2007, 12:00 AM EDT) -- The European wholesale electricity market is not “functioning properly,” and prices are substantially higher than they would be in a more competitive world, according to a study released Friday.

The analysis, conducted by external consultants London Economics, supports the findings of the Commission’s January report on competition in the European energy sector.

While fuel expenses contributed to a rise in electricity prices in 2003, they were still than they should have been, particularly when only a few generators are needed to meet demand, especially at peek...
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