Thursday, May 26, 2011

Commission asks Portugal to change its end-user price regulation scheme to ensure freedom of choice and protection for consumers

From the Energy DG newsletter:

On 19 May the European Commission formally requested Portugal to bring its national legislation on regulated end-user gas prices in line with EU rules. EU law on the internal energy market foresees that prices are set primarily by supply and demand. End-user prices set by state intervention put obstacles to new market entrants and therefore deprive consumers and companies of their right to choose the best service on the market. The Commission has decided to send a reasoned opinion to Portugal. If Portugal does not comply with its legal obligations within two months, the Commission may refer it to the Court of Justice.

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