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Eurelectric public service.

A REPORT from European Union (EU) power federation Eurelectric has said that when regulators or governments impose public service obligations under the 2003 electricity directive, utilities "should be granted fair compensation."

The group adds that such obligations should be organised "in a transparent and non-discriminatory manner", using "market-based mechanisms." In any event, Eurelectric calls for a light touch by regulators: "Open and competitive electricity markets are able to deliver the best results in terms of quality, reliability and price of services, including services of general interest, experience has shown." Its report assesses a range of possible public service obligations.

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Author:Nuthall, Keith
Publication:International News
Date:Mar 1, 2004
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