(1888PressRelease)
September 21, 2007 - The European Union is considering introducing legislation to make energy networks more accessible to companies without their own grids, it has been reported.
According to Bloomberg, which has seen a draft copy of the mooted regulatory changes, the European Commission's proposals would force electricity and natural gas producers to sell their transmission networks and allow an independent operator to assume some - or all - responsibility for the management of the grid.
"The current legal framework is insufficient," Bloomberg News reports the draft statement of the proposals as saying.
"Non-discriminatory network access and an equally effective level of regulatory supervision in each member state do not exist yet."
The commission believes that failure to act could see gas and energy supply impeded, which could potentially lead to an economic downturn.
Plans would also see non-EU companies which monopolise the grids in their home countries prevented from investing in power and gas networks in the EU bloc as part of an attempt to ensure European companies gain a foothold in overseas markets.
Further analysis of the EU energy market could be supplied by Aranca, an end-to-end provider of on-demand, custom investment, business and economic research.
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