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National Cracks Appear In EU Energy Policy

August 2006 | Market Trend Analysis

Security and cost of energy supply continues to dominate regional news, with Western European economies anxious to avoid a repeat of the shortages seen last winter but also unwilling to take onboard the price hikes that this security usually entails. France and Spain have been two of the most vocal proponents of protectionism as a response to the conflicting demands of increasing domestic usage and increasingly uncertain foreign supplies. However, Spain appears to be stepping back from the brink, potentially allowing German utility E.ON to bid on equal terms with domestic firm Gas Natural for electricity supplier Endesa, while France

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