Jan 10th 2007
1 NEELIE KROES, the European Union’s competition commissioner, did not mince her words when reporting on Europe’s energy markets on Wednesday January 10th. Europe’s energy firms have failed to invest in networks and so customers are suffering. Those “vertically integrated” energy companies such as Electricité de France (EDF) or Germany’s E.ON, widely dubbed as “national champions”, are effectively behaving like local monopolies. Shy of competition, eager for artificially high prices, they are helping to block the efficient generation, transmission and distribution of energy on the continent.
2 Energy prices vary wildly across Europe. Ms Kroes wants to see cheaper