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EU: Energy report faults state regulation

By  |  January 20, 2014

As the European Commission is readying to release its market report on EU energy costs, the regulator has released a sneak-peak into its findings.

Among those discoveries includes the conclusion that taxes set by national governments can be blamed for rising energy prices, even as wholesale costs fall; such national regulation over the industry is harming competition, the Commission said, leading to higher consumer costs.

Reports have released a list of major findings from the Commission’s report, including the claim that while wholesale prices have dropped, more than half of households in the EU are still burdened by state regulation and prevents wholesale price drops to lead to retail price drops.

The Commission is set to release its full report on the industry on January 22, say reports.

Full Content: Clean Technica

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