EU fee clarifies you will need to have unbiased authorities regulating the utility sector

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Referring to the Association agreements that the EU is negotiating with various nations; New Europe requested if the European Commission envisions an  fast implementation of an unbiased authority to manage the utilities sectors in nations the place personal financial operators already function to ensure their rights and have a voice.

A European Commission spokesperson answered “The Commission is currently negotiating on an association agreement between the EU and its Member States and Andorra, Monaco and San Marino on the small-sized countries’ participation in the internal market and related horizontal and flanking policies as well as possibly cooperation in other areas. This responds to the EU’s objective of developing a special relationship with neighbouring countries. The implementation of an independent authority to regulate utilities sectors is among the topics discussed presently.  The future Agreement must provide for maintaining the good functioning, the integrity and the homogeneity of the internal market as well as legal certainty while simultaneously taking into account the specificities of each of the three partner countries and their particular situations. The participation of the three countries in the EU internal market set out in the future Agreement should be based, inter alia, on mutual and shared values, the indivisibility of the four freedoms of the internal market and related horizontal and flanking policies, and the establishment of a level playing field. This entails that access to sectors of the EU’s internal market must ensure the take-over, implementation and enforcement of the EU acquis in the three countries. The Commission, together with the national competent authorities, directly enforces EU competition rules, including in relation to sectoral monopolies, making sure that all companies compete equally and fairly on the Internal Market. This benefits citizens, businesses and the Internal Market as a whole. This requires the development of supervisory components despite the small size of our partners’ markets”

On June 30th then EU Commission Vice-President Šefčovič made some remarks on the roadmap paving the best way in direction of an Association Agreement with Andorra, Monaco and San Marino, he mentioned :“This future Association Agreement could possibly be amongst essentially the most far-reaching provided by the EU to exterior companions. The roadmap displays the political ambition of the Commission, shared with the Council, to conclude negotiations on the longer term association settlement by the top of 2023.To obtain this goal, the roadmap accommodates an formidable programme, together with some country-specific concerns, and a timeline for the subsequent 18 months. Our clear overarching goal is to additional strengthen our relationship, together with via integration into the EU’s Single Market with its 4 freedoms.