To ask the Secretary of State for Trade and Industry what steps he has taken to increase the transparency of the gas markets that feed the UK gas market.
I attach great importance to the development of a functioning internal energy market. While progress has been made in implementing the EU's 2003 liberalisation package, further steps are needed and I welcome the action the Commission is taking, both in conducting a sectoral inquiry of energy and in considering what other action may be necessary.
In the UK's response to the Commission energy Green Paper of March this year, we underlined a number of factors which we regard as key to the development of the market: ensuring sufficient information is available for all market players and consumers to benefit from fair competition; the need for regulators to have sufficient powers and independence to deliver competition, including across borders; investment in cross-border infrastructure; and effective unbundling to prevent discrimination against market entrants.
I look forward to the publication of the Commission's strategic energy review and the conclusions of the sectoral inquiry, both due to be published in January.