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France, Germany to propose joint EU energy plan

6th December 2007

France and Germany will present a joint alternative by the end of January to European Commission proposals that seek to break up big utility firms and spur competition in gas and electricity markets.

French President Nicolas Sarkozy announced the plan at a joint news conference with German Chancellor Angela Merkel on Thursday but did not give details on the proposal.

The EU executive’s plan would force companies such as Germany’s E.ON (EONG.DE: Quote, Profile, Research) and France’s EDF (EDF.PA: Quote, Profile, Research) to split off their transmission networks from production activities.

Keywords

Product Conformity, EU Directives news, energy, energy saving, news, EU, business assurance

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