European Union governments have agreed to a compromise proposal to reform the bloc's energy sector.
Big energy companies are to be allowed to hold on to their power grids, but production activities are to be clearly separated from retail distribution operations. The solution, reached at a meeting in Luxembourg, is aimed at increasing competition in EU energy markets, without breaking up Europe's largest energy providers. France and Germany argued at Friday's meeting of EU environment Aviva announces 1,800 job cuts ...
Global Media Forum in Bonn wraps up second day ...
ECB marks 10th anniversary ...
Mubarak supports Sarkozy's Mediterranean Union ...
German postal service hit by warning strikes ...
'Optimism' over German rail row ... ministers that any move to break up their national energy giants forcibly would be illegal. The deal still needs to be approved by the European parliament. The EU's executive first proposed splitting up energy groups last year, because it feared conflicts of interest were possibly inflating prices.
(Deutsche Welle)
more info >>
<< Back