Milan, Italy — (METERING.COM) — November 7, 2006 – The AEEG, Italy’s energy regulator, has imposed fines on five gas utilities for failing to provide information that it had asked for in order to evaluate supply relationships with other countries.
According to research company Datamonitor, the AEEG has made a name for itself as a tough referee and devoted proponent of transparency and market liberalization. The regulator has imposed the fines on five gas utilities – Dalmine, Enel, Eni, Plurigas, and Sorgenia – for failing to comply with its requirement to provide information necessary to evaluate supply relationships with other countries.
The EU’s Gas Directive has weak requirements for network independence, such as the creation of subsidiary companies for networks and the need for separate management. Yet the AEEG has gone farther than most EU countries in requiring gas networks to be unbundled from vertically integrated energy companies.
In the long run these and other actions taken by AEEG will serve the Italian energy market and its consumers well.