EU Commission accepts German power grid plan: report

0 Comments | AFP, May, 2008

FRANKFURT (AFP) — The EU Commission has agreed to a German plan on power grid unbundling that would transfer all four German high-voltage networks into a joint holding dubbed Netz, a press report said on Wednesday.

"The creation of a German grid holding is in principal an acceptable way of meeting our demands," EU energy commissioner Andris Piebalgs told the Sueddeutsche Zeitung newspaper.

Piebalgs stressed that none of the owners should have a dominating influence on the holding, however.

German power grids are operated by the utility companies EON, RWE, Vattenfall Europe and EnBW.

The EU Commission has demanded that the supply of gas and the generation of electric power is separated from transmission grid operations to spur competition on the...