In 2006, energy was higher than ever on the political and social agenda. The threatening spectre of Russia cutting off the gas supply early in 2006 placed question marks behind the security of supply of fossil fuels. Al Gore’s ‘Inconvenient Truth’ gave new urgency to the need for saving energy and reducing CO2 emissions. Record oil prices drove up energy prices and a wise Solomon-like judgement by the Upper Chamber called a halt to the proposed enforced unbundling of energy companies. This political move restored clarity and tranquillity. It safeguards independent grid management and ensures that the energy companies retain the ability to achieve the coherence and cohesion necessary to operate in the international energy market.
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