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CROATIAN PARLIAMENT DEBATES ENERGY SUPPLY LAWS

ZAGREB, May 24 (Hina) - Most MPs at the Croatian Parliament on Wednesday supported a packet of bills on the reform of the energy supply system. MPs criticised primarily the authority of the agency for regulating energy supply needs which has been announced. The MPs are concerned that which agency would have more authority than the Economy Ministry. Economy Minister Goranko Fizulic explained the agency should guarantee an equal market race and the protection of the consumer. He stressed the reform of the energy supply system would be of use to big users, such as the iron factory in Sisak, Dalmacijacement or Petrokemija, which would import electricity and gas at more affordable prices, which would reduce their expenses. The MPs also said the reform should be implemented because of the obligations Croatia has assumed towards the International Monetary Fund, but many members of parliament believe that a law on such an im
ZAGREB, May 24 (Hina) - Most MPs at the Croatian Parliament on Wednesday supported a packet of bills on the reform of the energy supply system. MPs criticised primarily the authority of the agency for regulating energy supply needs which has been announced. The MPs are concerned that which agency would have more authority than the Economy Ministry. Economy Minister Goranko Fizulic explained the agency should guarantee an equal market race and the protection of the consumer. He stressed the reform of the energy supply system would be of use to big users, such as the iron factory in Sisak, Dalmacijacement or Petrokemija, which would import electricity and gas at more affordable prices, which would reduce their expenses. The MPs also said the reform should be implemented because of the obligations Croatia has assumed towards the International Monetary Fund, but many members of parliament believe that a law on such an important sector should not be passed hastily. They warned that an open energy market could have "catastrophic consequences". It was thus suggested that the next discussion on the package of five bills be held after Croatia's development strategy is adopted, which will show how much electricity the country needs. Fizulic stressed the bills were based on the strategy of energy supply reform which the Croatian parliament adopted last year, and are being harmonised with EU legislation. Suggested is the reform on the concept of a so-called open market by which consumers would be able to chose from where they would buy electricity, and big companies could import cheaper electricity which would decrease their expenses. The agency for regulating energy supply services would be independent and would guarantee a fair market race, Fizulic said. He stressed that the HEP utility company and INA oil company are being restructured, for which foreign experts have been called in. They should soon complete their work, and the five bills -- on energy, regulation of energy services, electricity market, oil and gas -- should be adopted by July 1 because of obligations from the stand-by arrangement with the IMF. However, the laws would be applied from January 1 next year, and an additional adjustment period is also possible, he said. (hina) lml

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