Brussels, 28/02/2006
The liberalisation of the gas and electricity markets increases competition, but not necessarily in favour of consumers and new enterprises. On the contrary, the latest developments in France and Spain highlight the risks of industrial concentration, which the Commission denounced in its recent inquiry into the state of play in the energy sector. We are, in fact, witnessing the setting up of a European oligopoly, and anti-trust laws will be unable to stop this.