Rick - FYI - Eric

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

	webmaster@cera.com
	04/17/2001 09:01 PM
		 
		 To: insights@cera.com
		 cc: 
		 Subject: European Energy Market Liberalization: Gathering Pace - CERA Insight



Title: European Energy Market Liberalization: Gathering Pace
URL: http://www20.cera.com/eprofile?u=35&m=2354
http://www20.cera.com/eprofile?u=35&m=2355


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 decade.
The Commission has set both quantitative and qualitative objectives for gas 
and
power. France,s opposition to the proposals will delay the implementation of
market opening as envisaged by the Commission. However, in CERA,s view the
rejection of the Commission,s draft documents is only a temporary slow down in
the process. Liberalization remains a widely shared objective among member
states and is only gathering pace. CERA expects four principal outcomes from
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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