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EU official: Unbundle integrated power

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Published: Oct. 31, 2006 at 11:02 AM
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BRUSSELS, Oct. 31 (UPI) -- European Union officials want the bloc's integrated power groups to be broken up in order to simulate an efficient energy market, the Financial Times reported.

"Speaking very personally, I see only one way forward if we are to restore credibility and faith in the market. ... There has to be a structural solution that once and for all separates infrastructure from supply and generation," Neelie Kroes, EU competition commissioner, said Monday. "In other words: ownership unbundling."

The comments were reported by the newspaper in its Tuesday editions.

The suggestion may be opposed by companies such as Eon, RWE and EdF as well as by countries such as Germany that oppose unbundling, the newspaper said.

Kroes also needs to persuade her EU Energy Commissioner Andris Piebalgs, whose job it is to draft legislative plans on the energy sector. The plan also needs the support of a majority of member states.

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