European Energy Markets Observatory (2007)

Zusatztext

The 9th edition of European Energy Markets Observatory covers the full year 2006 and the winter 2006-2007. Key findings include:-The EU Climate Change 2020 objectives of 3x20% is an ambitious and good road map but very challenging to meet.-The supply and demand balance of oil will stay tight and prices trend should continue to be on the upward side.-Gas security of supply is threatened by the clashing Russian and European Unions strategies.-Electricity security of supply in Europe has improved on average but the planned constructions will deteriorate Europes CO2 emissions situation.-The European Commission has suggested a third unbundling Directive as a response to the lack of results from previous Directives on market efficiency.-New market regulations triggers market consolidation but this is progressing slowly because of conflicting interests.-With changing market dynamics, Utilities are confronted with many changes and have to implement new management models.

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