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From:eric.benson@enron.com
To:richard.shapiro@enron.com
Subject:European Energy Market Liberalization: Gathering Pace - CERA
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Date:Wed, 18 Apr 2001 00:52:00 -0700 (PDT)

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Rick - FYI - Eric

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----- Forwarded by Eric Benson/NA/Enron on 04/18/2001 07:52 AM -----

=09webmaster@cera.com
=0904/17/2001 09:01 PM
=09=09=20
=09=09 To: insights@cera.com
=09=09 cc:=20
=09=09 Subject: European Energy Market Liberalization: Gathering Pace - CER=
A Insight



Title: European Energy Market Liberalization: Gathering Pace
URL: http://www20.cera.com/eprofile?u=3D35&;m=3D2354
http://www20.cera.com/eprofile?u=3D35&;m=3D2355


EUROPEAN ENERGY MARKET LIBERALIZATION: GATHERING PACE

The European Commission has issued two new documents aimed at furthering
liberalization of the European energy market in the second half of the deca=
de.
The Commission has set both quantitative and qualitative objectives for gas=
=20
and
power. France=01,s opposition to the proposals will delay the implementatio=
n of
market opening as envisaged by the Commission. However, in CERA=01,s view t=
he
rejection of the Commission=01,s draft documents is only a temporary slow d=
own in
the process. Liberalization remains a widely shared objective among member
states and is only gathering pace. CERA expects four principal outcomes fro=
m
the ongoing discussions:

* The pace of market opening will accelerate despite French opposition.

* The scope of unbundling will be extended to include separate ownership.

* A unified European approach for grid regulation will emerge.

* Public service obligation will be institutionalized.

**end**

Follow above URL for complete report.

E-mail Category: Insight
CERA Knowledge Area(s): European Gas, European Power,

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