8 Amendments of Adina VĂLEAN related to 2010/0363(COD)
Amendment 59 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) The transparency of energy markets is a prerequisite for further integration and liberalisation of the EU energy market and therefore this Regulation should bring important benefits to consumers.
Amendment 74 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) Whereas market manipulation aims at securing a dominant trading position over the supply of or demand for a wholesale energy product, which may result in fixing directly or indirectly, purchase or sale prices or creating unfair trading conditions.
Amendment 75 #
Proposal for a regulation
Recital 6 b (new)
Recital 6 b (new)
(6b) National authorities can influence the behaviour of utility companies, including through the granting of special or exclusive rights or participation in their capital and representation in the entities' administrative, managerial or supervisory bodies and therefore have an important role in the application of this Regulation including in terms of transparency and non-discrimination in public procurement.
Amendment 76 #
Proposal for a regulation
Recital 6 c (new)
Recital 6 c (new)
(6c) Liberalisation of the energy markets does not automatically lead to increased competition, as established operators often maintain very substantial market shares, and in some Member States, the presence of state-owned enterprises may also distort market functioning. Therefore this Regulation should guarantee equal treatment of all market players to minimise the risk of unsound business practices and to ensure a level-playing field.
Amendment 135 #
Proposal for a regulation
Recital 24 a (new)
Recital 24 a (new)
(24a) Highlights that basic rules are needed at EU level, such as a common definition of unacceptable conflict-of- interest situations. Safeguards at EU level intended to provide transparency and accountability could include declarations of absence of conflict of interest.
Amendment 138 #
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
This Regulation establishes rules prohibiting abusive practices onaffecting wholesale energy markets coherentwhere those rules are consistent with and do not overlap with those applying in related financial markets. It provides for the monitoring of wholesale energy markets by the Agency.
Amendment 144 #
Proposal for a regulation
Article 1 – paragraph 3
Article 1 – paragraph 3
The Agency, national regulatory authorities and competent financial authorities shall cooperate to ensure that a coordinated approach is taken to the enforcement of the relevant rules where actions relate to one or more financial instruments to which the provisions of Article 9 of Directive 2003/6/EC apply and also to one or more wholesale energy products to which the provisions of Article 3 and Article 4 apply. The Agency shall ensure that the relevant rules are being enforced by national authorities, including rules pertaining to operations of price setting for public procurement.
Amendment 248 #
Proposal for a regulation
Article 6 – paragraph 3 – subparagraph 1
Article 6 – paragraph 3 – subparagraph 1
3. The Agency shall at least on an annual basis submit a report to the Commission on its activities under this Regulation. Such reports shall bring to the notice of the Commission flaws in market rules, standards, and procedures established by private and public bodies, or by national regulators, which could facilitate insider trading and market manipulation or undermine the internal market. Reports may be combined with the report referred to in Article 11(2) of Regulation (EC) No 713/2009.