Activities of Krišjānis KARIŅŠ related to 2010/0363(COD)
Plenary speeches (1)
Energy market integrity and transparency (debate)
Amendments (13)
Amendment 23 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) The goal of increased integrity and transparency of energy market should be to foster open and fair competition in wholesale energy markets to the benefit of end consumer of energy.
Amendment 31 #
Proposal for a regulation
Recital 6
Recital 6
(6) Behaviour which undermines the integrity of the energy market and can lead to higher prices to end consumer of energy is currently not clearly prohibited on some of the most important energy markets.
Amendment 36 #
Proposal for a regulation
Recital 18
Recital 18
(18) Where information is not commercially sensitive, the Agency should be able to make that information available to market participants and the wider public. Such transparency can help build confidence in the market and help the development of knowledge about the functioning of wholesale energy markets. In order to ensure greater transparency and public access to information on wholesale energy prices the Agency should prepare monthly country by country report on price developments in energy wholesale markets.
Amendment 38 #
Proposal for a regulation
Recital 23
Recital 23
(23) It is important that the penalties for breaches of this Regulation are proportionate and dissuasive, and reflect the gravity of the infringements and the potential gains from trading on the basis of inside information and market manipulation. To avoid regulatory arbitrage, whereby transactions take place in place where regulation is more flexible or tolerant with regard to penalties the Commission should regularly review the necessity to introduce system of penalties at the European Union level. Recognising the interactions between trading in electricity and gas derivative products and trading in actual electricity and gas, the penalties for breaches of this Regulation should be in line with the penalties adopted by the Member States in implementing Directive 2003/6/EC.
Amendment 52 #
Proposal for a regulation
Article 6 – paragraph 3 a (new)
Article 6 – paragraph 3 a (new)
3a. The Agency shall on monthly basis publish country by country report on price developments in electricity and gas wholesale markets of the European Union.
Amendment 54 #
Proposal for a regulation
Recital 1
Recital 1
(1) It is important to ensure that consumers can have confidence in the integrity of electricity and gas markets and that prices set on wholesale energylectricity and gas markets reflect a fair interplay between supply and demand, which means that consumers can have confidence in these markets.
Amendment 60 #
Proposal for a regulation
Recital 2
Recital 2
(2) The advice of the Committee of European Securities Regulators and the European Regulators Group for Electricity and Gas confirmed that the scope of existing legislation may not properly address market integrity issues on the electricity and gas markets and recommended the consideration of an appropriate legislative framework intailored to the energy sector, which preventings market abuse and takes sector specific conditions into account which are not covered by other Directives and Regulations.
Amendment 64 #
Proposal for a regulation
Article 13 – paragraph 1 a (new)
Article 13 – paragraph 1 a (new)
After all Member States have notified to the Commission the rules on penalties applicable to infringements of the provisions of this Regulation, the Commission shall once every three years review the effectiveness of national systems of penalties and evaluate the necessity of introduction of a system of penalties on the European Union level. The Commission shall inform the European parliament and the Council about the results of this evaluation.
Amendment 107 #
Proposal for a regulation
Recital 17
Recital 17
(17) The Agency shouldmust ensure the operational security of the data which it receives, prevent unauthorised access to the information kept by the Agency, and establish procedures to ensure that the data it collects are not misused by persons with an authorised access to them. The Agency should also be assured that those authorities who have access to the data held by Agency will be able to maintain an equally high level of security and are bound by appropriate confidentiality arrangements. These rules must also apply to other authorities who gain access to the data for the purpose of this Regulation.
Amendment 133 #
Proposal for a regulation
Recital 23
Recital 23
(23) It is important that the penalties for breaches of this Regulation are proportionate and dissuasive, and reflect the gravity of the infringements and the potential gains from trading on the basis of inside information and market manipulation. Recognising the interactions between trading in electricity and gas derivative products and trading in actual electricity and gas, the penalties for breaches of this Regulation should be in line with the penalties adopted by the Member States in implementing Directive 2003/6/EC. Over time it is necessary to move towards a regime with harmonised penalties.
Amendment 213 #
Proposal for a regulation
Article 3 – paragraph 4 – subparagraph 2
Article 3 – paragraph 4 – subparagraph 2
Amendment 226 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. In order to take account of future developments on wholesale energy markets, the Commissionlectricity and gas markets and ensure coherence with other relevant EU legislation in the fields of financial services and energy, the Commission following advice provided by the Agency shall adopt delegated acts in accordance with Article 15 and subject to conditions of Articles 16 and 17, specifying the definitions set out at Article 2(1) to (5).
Amendment 229 #
Proposal for a regulation
Article 5 – paragraph 1 a (new)
Article 5 – paragraph 1 a (new)
1a. In preparing its advice, the Agency will carry out detailed public consultations.