EURELECTRIC – SECURITY
March 1st, 2004
BY KEITH NUTHALLEUROPEAN Union (EU) electricity federation Eurelectric has warned against the use of centralised planning and price caps in any future move to improve the EU's security of energy supplies. A new report says "though price caps may be viewed in some quarters as an effective political instrument, such intervention is in fact potentially destructive to the competitive market and a means of discouraging investments." The report adds that the proposed EU directive on security of supply's focus on "non-economic factors and centralised planning" is "an ...
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