The EU’s energy ministers have been meeting to hear the European Commission’s latest reform plans for liberalisation of the sector. The proposals from Brussels would require generators and suppliers of power and gas to sell their transmission infrastructure in a process called “ownership unbundling” or hand over control to an independent operator.
Germany has announced it will table its own proposal because it disagrees with obligatory unbundling. It cites fears over how such moves would affect investment. Germany says it is in favour of more independence for the distribution companies, and says the mother company must not boss them around. It also agrees that rights must be established for new operators.
Several EU countries were against the split-up principle, while the UK, Sweden and Spain supported the Commission’s plans. The Commissioner for energy, Andris Piebalgs, says it is not right that energy companies reap ever-higher profits while consumers pay ever-higher bills.