BETA


2006/2247(INI) Macro-economic impact of the increase in the price of energy

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead ECON DOS SANTOS Manuel (icon: PSE PSE)
Committee Opinion INTA QUISTHOUDT-ROWOHL Godelieve (icon: PPE-DE PPE-DE)
Committee Opinion ITRE CHICHESTER Giles (icon: PPE-DE PPE-DE)
Lead committee dossier:
Legal Basis:
RoP 052

Events

2007/04/30
   EC - Commission response to text adopted in plenary
Documents
2007/03/21
   EC - Commission response to text adopted in plenary
Documents
2007/02/15
   EP - Debate in Parliament
2007/02/15
   EP - Decision by Parliament, 1st reading/single reading
Details

The European Parliament adopted a resolution based on the own-initiative report drawn up by Manuel Antonio dos SANTOS (PES, PT) on the macro-economic impact of the increase in the price of energy. (Please refer to the summary dated 20/12/2006.)

Documents
2007/02/15
   EP - End of procedure in Parliament
2007/01/05
   EP - Committee report tabled for plenary, single reading
Documents
2007/01/05
   EP - Committee report tabled for plenary, single reading
Documents
2006/12/20
   EP - Vote in committee, 1st reading/single reading
Details

The committee adopted the own-initiative report drawn up by Manuel Antonio dos SANTOS (PES, PT) on the macro-economic impact of the increase in the price of energy. The report called for Europe to act now to prevent increasing energy prices damaging the European economy. It noted that the present increase in oil prices is of a similar scale to those of the 1970s and early 1980s, but differs from those shocks in that a substantial element is caused by growing demand from economies such as China, so part of the rise will be permanent. It stressed the tangible effect of oil price increases on the EU, which have reduced growth, investment and employment while increasing inflationary pressure and interest rates. MEPs in the committee said that, if no action is taken, Europe’s dependency on energy imports may rise from 50% today to 70% in 2030. They noted in particular the social consequences of higher energy prices, which hit the poorest and most vulnerable especially hard.

The committee pointed out that the transport and housing sectors in particular are most affected, and called for a comprehensive EU strategy to phase out fossil fuels in the transport sector, while expanding the use of unconventional fuels. Ensuring fair energy prices in the domestic energy market would mean completing the single market in a sector often dominated by a few companies. Unbundling the infrastructure from suppliers was essential for the proper functioning of national markets and the internal market.

The committee called for a “massive investment in energy infrastructure and supply over the coming years” alongside an in-depth, Community-wide, debate on different energy sources. It called on the Commission and Council to draw up a detailed plan to reduce EU dependence on oil imports and for a shift toward clean energy. It also urged the adoption of energy efficiency improvements, which, it said, are the cheapest way to cut CO2 emissions and improve energy security. Fiscal policy should be used to encourage these moves, and public procurement selection criteria should include energy efficiency.

Lastly, the report called for an integrated EU emergency mechanism for security of supply to increase the minimum oil stock from 90 to 120 consumption days and develop a minimum gas stock of at least 90 days. It suggested following the US model of publishing weekly breakdowns of European oil and oil product stocks.

2006/12/12
   EP - Committee opinion
Documents
2006/12/07
   EP - Committee opinion
Documents
2006/11/14
   EP - Amendments tabled in committee
Documents
2006/10/26
   EP - Committee referral announced in Parliament, 1st reading/single reading
2006/10/26
   EP - Referral to associated committees announced in Parliament
2006/10/19
   EP - Committee draft report
Documents
2006/09/12
   EP - QUISTHOUDT-ROWOHL Godelieve (PPE-DE) appointed as rapporteur in INTA
2006/09/12
   EP - CHICHESTER Giles (PPE-DE) appointed as rapporteur in ITRE
2005/11/15
   EP - DOS SANTOS Manuel (PSE) appointed as rapporteur in ECON

Documents

Activities

Votes

Rapport Dos Santos A6-0001/2007 - am. 2

2007/02/15 Outcome: -: 270, +: 215, 0: 13
PT FR AT ES DK MT IT BE LV NL SE BG LU FI CY EE EL LT SI IE SK CZ RO GB HU PL DE
Total
13
53
12
31
11
4
44
16
2
21
11
11
5
8
4
2
13
5
6
9
11
16
32
45
18
32
63
icon: PSE PSE
151

Luxembourg PSE

For (1)

1

Finland PSE

2

Lithuania PSE

For (1)

1

Ireland PSE

1

Slovakia PSE

2

Czechia PSE

2
icon: Verts/ALE Verts/ALE
34

Austria Verts/ALE

2

Spain Verts/ALE

2

Denmark Verts/ALE

For (1)

1

Italy Verts/ALE

2

Belgium Verts/ALE

2

Latvia Verts/ALE

1

Sweden Verts/ALE

For (1)

1

Luxembourg Verts/ALE

For (1)

1

United Kingdom Verts/ALE

5
icon: GUE/NGL GUE/NGL
21

Portugal GUE/NGL

For (1)

1

France GUE/NGL

For (1)

1

Denmark GUE/NGL

1

Netherlands GUE/NGL

2

Sweden GUE/NGL

1

Finland GUE/NGL

For (1)

1

Cyprus GUE/NGL

1

Greece GUE/NGL

2

Germany GUE/NGL

3
icon: NI NI
7

Austria NI

1

Italy NI

1

Slovakia NI

1

Czechia NI

Against (1)

1
icon: IND/DEM IND/DEM
8

Netherlands IND/DEM

2

Sweden IND/DEM

2

Ireland IND/DEM

For (1)

1

Czechia IND/DEM

Against (1)

1

Poland IND/DEM

2
icon: ITS ITS
11

France ITS

Against (1)

1

Italy ITS

2

Belgium ITS

2

Bulgaria ITS

Against (1)

1
icon: UEN UEN
20

Denmark UEN

Against (1)

1

Lithuania UEN

Against (1)

1

Ireland UEN

Against (2)

2
icon: ALDE ALDE
63

Austria ALDE

Against (1)

1

Spain ALDE

Against (1)

1

Denmark ALDE

3

Sweden ALDE

Against (1)

1

Bulgaria ALDE

2

Cyprus ALDE

Against (1)

1

Estonia ALDE

Against (1)

1

Lithuania ALDE

2

Slovenia ALDE

2

Ireland ALDE

Against (1)

1

Hungary ALDE

2
icon: PPE-DE PPE-DE
183

Austria PPE-DE

2

Malta PPE-DE

Against (1)

1

Belgium PPE-DE

2

Latvia PPE-DE

Against (1)

1

Luxembourg PPE-DE

3

Finland PPE-DE

Against (1)

1

Cyprus PPE-DE

2

Estonia PPE-DE

Against (1)

1

Lithuania PPE-DE

1

Slovenia PPE-DE

For (1)

4
4

History

(these mark the time of scraping, not the official date of the change)

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Economic and Monetary Affairs
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ITRE
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New
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summary
The European Parliament adopted a resolution based on the own-initiative report drawn up by Manuel Antonio dos SANTOS (PES, PT) on the macro-economic impact of the increase in the price of energy. (Please refer to the summary dated 20/12/2006.)
events/5/docs/0/url
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EP
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summary
The European Parliament adopted a resolution based on the own-initiative report drawn up by Manuel Antonio dos SANTOS (PES, PT) on the macro-economic impact of the increase in the price of energy. (Please refer to the summary dated 20/12/2006.)
activities
  • date: 2006-10-26T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 2005-11-15T00:00:00 committee_full: Economic and Monetary Affairs (Associated committee) rapporteur: group: PSE name: DOS SANTOS Manuel António body: EP responsible: False committee: INTA date: 2006-09-12T00:00:00 committee_full: International Trade rapporteur: group: PPE-DE name: QUISTHOUDT-ROWOHL Godelieve body: EP responsible: False committee: ITRE date: 2006-09-12T00:00:00 committee_full: Industry, Research and Energy (Associated committee) rapporteur: group: PPE-DE name: CHICHESTER Giles
  • date: 2006-12-20T00:00:00 body: EP committees: body: EP responsible: True committee: ECON date: 2005-11-15T00:00:00 committee_full: Economic and Monetary Affairs (Associated committee) rapporteur: group: PSE name: DOS SANTOS Manuel António body: EP responsible: False committee: INTA date: 2006-09-12T00:00:00 committee_full: International Trade rapporteur: group: PPE-DE name: QUISTHOUDT-ROWOHL Godelieve body: EP responsible: False committee: ITRE date: 2006-09-12T00:00:00 committee_full: Industry, Research and Energy (Associated committee) rapporteur: group: PPE-DE name: CHICHESTER Giles type: Vote in committee, 1st reading/single reading
  • date: 2007-01-05T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2007-1&language=EN type: Committee report tabled for plenary, single reading title: A6-0001/2007 body: EP type: Committee report tabled for plenary, single reading
  • date: 2007-02-15T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=13204&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20070215&type=CRE type: Debate in Parliament title: Debate in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2007-54 type: Decision by Parliament, 1st reading/single reading title: T6-0054/2007 body: EP type: Results of vote in Parliament
commission
  • body: EC dg: Economic and Financial Affairs commissioner: ALMUNIA Joaquín
committees/0
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Responsible Committee
body
EP
associated
True
committee_full
Economic and Monetary Affairs
committee
ECON
date
2005-11-15T00:00:00
rapporteur
name: DOS SANTOS Manuel group: Socialist Group in the European Parliament abbr: PSE
committees/0
body
EP
responsible
True
committee
ECON
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committee_full
Economic and Monetary Affairs (Associated committee)
rapporteur
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committees/1
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Committee Opinion
body
EP
associated
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committee_full
International Trade
committee
INTA
date
2006-09-12T00:00:00
rapporteur
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committees/1
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EP
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INTA
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2006-09-12T00:00:00
committee_full
International Trade
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committee
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2006-09-12T00:00:00
rapporteur
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rapporteur
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docs
  • date: 2006-10-19T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE378.822 title: PE378.822 type: Committee draft report body: EP
  • date: 2006-11-14T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE380.877 title: PE380.877 type: Amendments tabled in committee body: EP
  • date: 2006-12-07T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE380.720&secondRef=02 title: PE380.720 committee: INTA type: Committee opinion body: EP
  • date: 2006-12-12T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE380.781&secondRef=02 title: PE380.781 committee: ITRE type: Committee opinion body: EP
  • date: 2007-01-05T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2007-1&language=EN title: A6-0001/2007 type: Committee report tabled for plenary, single reading body: EP
  • date: 2007-03-21T00:00:00 docs: url: /oeil/spdoc.do?i=13204&j=1&l=en title: SP(2007)1040 type: Commission response to text adopted in plenary
  • date: 2007-04-30T00:00:00 docs: url: /oeil/spdoc.do?i=13204&j=0&l=en title: SP(2007)1730 type: Commission response to text adopted in plenary
events
  • date: 2006-10-26T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2006-10-26T00:00:00 type: Referral to associated committees announced in Parliament body: EP
  • date: 2006-12-20T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary: The committee adopted the own-initiative report drawn up by Manuel Antonio dos SANTOS (PES, PT) on the macro-economic impact of the increase in the price of energy. The report called for Europe to act now to prevent increasing energy prices damaging the European economy. It noted that the present increase in oil prices is of a similar scale to those of the 1970s and early 1980s, but differs from those shocks in that a substantial element is caused by growing demand from economies such as China, so part of the rise will be permanent. It stressed the tangible effect of oil price increases on the EU, which have reduced growth, investment and employment while increasing inflationary pressure and interest rates. MEPs in the committee said that, if no action is taken, Europe’s dependency on energy imports may rise from 50% today to 70% in 2030. They noted in particular the social consequences of higher energy prices, which hit the poorest and most vulnerable especially hard. The committee pointed out that the transport and housing sectors in particular are most affected, and called for a comprehensive EU strategy to phase out fossil fuels in the transport sector, while expanding the use of unconventional fuels. Ensuring fair energy prices in the domestic energy market would mean completing the single market in a sector often dominated by a few companies. Unbundling the infrastructure from suppliers was essential for the proper functioning of national markets and the internal market. The committee called for a “massive investment in energy infrastructure and supply over the coming years” alongside an in-depth, Community-wide, debate on different energy sources. It called on the Commission and Council to draw up a detailed plan to reduce EU dependence on oil imports and for a shift toward clean energy. It also urged the adoption of energy efficiency improvements, which, it said, are the cheapest way to cut CO2 emissions and improve energy security. Fiscal policy should be used to encourage these moves, and public procurement selection criteria should include energy efficiency. Lastly, the report called for an integrated EU emergency mechanism for security of supply to increase the minimum oil stock from 90 to 120 consumption days and develop a minimum gas stock of at least 90 days. It suggested following the US model of publishing weekly breakdowns of European oil and oil product stocks.
  • date: 2007-01-05T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2007-1&language=EN title: A6-0001/2007
  • date: 2007-02-15T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=13204&l=en title: Results of vote in Parliament
  • date: 2007-02-15T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20070215&type=CRE title: Debate in Parliament
  • date: 2007-02-15T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2007-54 title: T6-0054/2007 summary: The European Parliament adopted a resolution based on the own-initiative report drawn up by Manuel Antonio dos SANTOS (PES, PT) on the macro-economic impact of the increase in the price of energy. (Please refer to the summary dated 20/12/2006.)
  • date: 2007-02-15T00:00:00 type: End of procedure in Parliament body: EP
links
other
  • body: EC dg: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs commissioner: ALMUNIA Joaquín
procedure/dossier_of_the_committee
Old
ECON/6/31937
New
  • ECON/6/31937
procedure/legal_basis/0
Rules of Procedure EP 052
procedure/legal_basis/0
Rules of Procedure of the European Parliament EP 052
procedure/subject
Old
  • 3.60 Energy policy
  • 4.60.06 Consumers' economic and legal interests
  • 5.10.02 Price policy, price stabilisation
New
3.60
Energy policy
4.60.06
Consumers' economic and legal interests
5.10.02
Price policy, price stabilisation
activities
  • date: 2006-10-26T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: True committee: ECON date: 2005-11-15T00:00:00 committee_full: Economic and Monetary Affairs (Associated committee) rapporteur: group: PSE name: DOS SANTOS Manuel António body: EP responsible: False committee: INTA date: 2006-09-12T00:00:00 committee_full: International Trade rapporteur: group: PPE-DE name: QUISTHOUDT-ROWOHL Godelieve body: EP responsible: False committee: ITRE date: 2006-09-12T00:00:00 committee_full: Industry, Research and Energy (Associated committee) rapporteur: group: PPE-DE name: CHICHESTER Giles
  • date: 2006-12-20T00:00:00 body: EP committees: body: EP responsible: True committee: ECON date: 2005-11-15T00:00:00 committee_full: Economic and Monetary Affairs (Associated committee) rapporteur: group: PSE name: DOS SANTOS Manuel António body: EP responsible: False committee: INTA date: 2006-09-12T00:00:00 committee_full: International Trade rapporteur: group: PPE-DE name: QUISTHOUDT-ROWOHL Godelieve body: EP responsible: False committee: ITRE date: 2006-09-12T00:00:00 committee_full: Industry, Research and Energy (Associated committee) rapporteur: group: PPE-DE name: CHICHESTER Giles type: Vote in committee, 1st reading/single reading
  • date: 2007-01-05T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2007-1&language=EN type: Committee report tabled for plenary, single reading title: A6-0001/2007 body: EP type: Committee report tabled for plenary, single reading
  • date: 2007-02-15T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=13204&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20070215&type=CRE type: Debate in Parliament title: Debate in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2007-54 type: Decision by Parliament, 1st reading/single reading title: T6-0054/2007 body: EP type: Results of vote in Parliament
committees
  • body: EP responsible: True committee: ECON date: 2005-11-15T00:00:00 committee_full: Economic and Monetary Affairs (Associated committee) rapporteur: group: PSE name: DOS SANTOS Manuel António
  • body: EP responsible: False committee: INTA date: 2006-09-12T00:00:00 committee_full: International Trade rapporteur: group: PPE-DE name: QUISTHOUDT-ROWOHL Godelieve
  • body: EP responsible: False committee: ITRE date: 2006-09-12T00:00:00 committee_full: Industry, Research and Energy (Associated committee) rapporteur: group: PPE-DE name: CHICHESTER Giles
links
other
  • body: EC dg: url: http://ec.europa.eu/dgs/economy_finance/index_en.htm title: Economic and Financial Affairs commissioner: ALMUNIA Joaquín
procedure
dossier_of_the_committee
ECON/6/31937
reference
2006/2247(INI)
title
Macro-economic impact of the increase in the price of energy
legal_basis
Rules of Procedure of the European Parliament EP 052
stage_reached
Procedure completed
subtype
Initiative
type
INI - Own-initiative procedure
subject