Report urges quick privatization as remedy for low energy sector efficiency

The Polish energy sector needs quick privatization and a strong independent regulator, recommends a report prepared by Cameron McKenna (CMCK) law firm for the Economy Ministry. According to Dariusz Mioduski, CMCK partner responsible for the report, the sector's main problem is low efficiency, and this can only be solved through privatization. In addition, if energy companies are to be more attractive to potential buyers, they should lower the prices they charge, the report goes on. Another recommendation is that the risk associated with regulation should be removed, an objective that can be achieved by strengthening the position of the Energy Regulation Office (URE) and making it transparent and totally independent of the government. (Puls Biznesu, p. 8) T.J.