Energising the market
The gas and electricity directives laid the groundwork for liberalising the European energy market, but it will be the application of competition law that determines whether the project succeeds, says Elaine Whiteford
Completing the internal market in energy to ensure that European businesses can compete with their US and Japanese counterparts has so far focused on liberalising the internal market through legislation. As the old monopoly structures are dismantled, liberalising the energy markets will depend on rigorously applying the competition rules of the EC treaty to prevent barriers being maintained through actions of market participants.
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