Major European power utilities warn over EU energy risk

11-10-2013

The heads of nine major European power companies including the Czech firm ČEZ have warned that the EU’s energy policies are putting the bloc’s power supplies at risk. The companies’ representatives said in Brussels on Friday that the EU’s energy sector was no longer competitive, due to failed policies such as subsiding renewable sources of energy. The firms also called on EU leaders to take steps to guarantee the continent’s energy security. These include the creation of single energy market with centralized supervision.