Make it your homepage |   E-mail: Subscribe Unsubscribe

Personal Finance expands into South Africa by acquiring 100% of RCS


Friday, April 18, 2014
News Making Money

Commission refers Bulgaria,Estonia and the UK to Court for failing to fully transpose EU rules

28/01/2013 02:34 (444 Day 18:44 minutes ago)

The FINANCIAL -- The European Commission is referring Bulgaria, Estonia and the United Kingdom to the Court of Justice of the European Union for failing to fully transpose the EU internal energy market rules.

ADVERTISEMENT

 

To date Bulgaria, Estonia and the UK have only partially transposed the Electricity and Gas Directives. The Directives had to be transposed by the Member States by 3 March 2011.

"The EU needs an internal energy market to tackle Europe's energy and climate challenges and to ensure affordable and secure energy supplies to households and businesses. Delays in implementation of the EU Internal Energy Market rules have negative effects on all players and are therefore not acceptable." said Günther Oettinger, the EU Energy Commissioner.

For Bulgaria, for each partially transposed Directive, the Commission proposes a daily penalty of €8448. For Estonia, the Commission proposes daily penalties of €5068.8 for the partially transposed Electricity Directive and of €4224 for the partially transposed Gas Directive. For the United Kingdom, the Commission requests the Court to impose a daily penalty payment of €148177.92 for each of the partially transposed Directives.

The penalties proposed take into account the duration and the gravity of the infringement. In case of an affirmative judgement of the Court, the daily penalty is to be paid from the date of the judgment until the transposition is completed. As EUROPA said, the final amount of the daily penalties will be decided by the Court.

The Commission has addressed the issue of not fully transposing the Directives in the three countries by sending letters of formal notice in September 2011. Reasoned opinions as regards both Directives were sent to Bulgaria in February 2012 and to the United Kingdom in April 2012. Reasoned opinions as regards the Gas and Electricity Directives were sent to Estonia in February and April 2012, respectively. Despite these proceedings, full transposition is still pending in the three Member States.

Today's action complements the referrals to court adopted in October (IP/12/1139) and November (IP/12/1236) 2012. The current action concerns cases where the Member States have already adopted considerable new legislation pursuant to the third internal energy market package and have thus already transposed part of the requirements of the two Directives into national law. However, some provisions contained in these Directives are still not transposed. The Commission is also examining the situation in other Member States to which it has addressed reasoned opinions for not fully transposing the Electricity and Gas Directives.

 

 

Make Your Comment

Add NewSearchRSS
Only registered users and facebook social network members can write comments!

This text is replaced by the Flash movie.
This text is replaced by the Flash movie.
Politics
Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (1 Day 04:25 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.

Read more...



TRAVEL BIZ »
PRESS RELEASES »
FINANCIAL »
UKRAINE »
GEORGIA »
WORLD »
BANKS »
BUSINESS »
TECH »
MARKETS »
B SCHOOLS »
SPECIAL REPORTS »

Markets
Attack of the Clones: New Kids on the Block Shake Up CEE Consumables Space

12/04/2014 16:44 (5 Day 04:34 minutes ago)

The FINANCIAL -- Thriving sales of cheap new-build compatible products are having a profound impact on the CEE printer and MFP consumables market, according to global market intelligence firm International Data Corporation (IDC).







Developed by Aleksandre Chiabrishvili

Design built by Creo Group