Energy deregulation: a change of course
Article Abstract:
Energy issues have largely been left out of the European Union's single market, but the pressures for change are increasing and energy deregulation will eventually lead to more competition and lower energy prices. Current efforts are focusing on opening up the electricity markets, with gas expected to follow. There has been broad agreement across the 15 member states on competition in production but they remain divided on distribution. Currently, only Britain and Sweden have deregulated their electricity markets.
Publication Name: European Trends
Subject: Business, international
ISSN: 0014-3162
Year: 1995
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TENs cost hundreds of billions
Article Abstract:
The European Community plans to connect member states via trans-European networks of transport, telecommunications and energy. Some 26 transport projects have been given priority, together worth Ecu81.9 nillion. Also, 29 gas and 37 electricity projects may also be considered. The main sources of financing for the schemes will be the newly-formed European Investment Fund and the European Investment Bank, but additional funding may be necessary.
Publication Name: European Trends
Subject: Business, international
ISSN: 0014-3162
Year: 1995
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Prospects for monetary union
Article Abstract:
If the European Community is to move towards monetary union before 2000, the Maastricht treaty convergance criteria must be met and the member states must be willing to go ahead. Although most nations may be ready to converge in 1996, the decision will depend on a deal between Germany and France over political and monetary union, despite the delaying tactics of the UK, which may wish to postpone monetary union until mid-1998 at the earliest.
Publication Name: European Trends
Subject: Business, international
ISSN: 0014-3162
Year: 1995
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