Branko Terzic, Berthold Wurm and Yorck Dietrich
Once trailing, but now the frontrunner, Germany attempts to remake its fragmented energy markets - with no new federal bureaucracy.
Here's a timely recommendation for U.S. electric power executives: Maybe it's time to brush up on those long-forgotten high school German lessons. Suddenly, the German electric power market has become the fastest changing in the world. It all happened in less than the two years passed since Germany enacted a new energy law, which became fully effective on April 28, 1998.
Liberalisation of the electricity markets in the UK and Scandinavia has driven merger activity in these territories. This was evident in 1996 with U.S. companies taking over MEB, East Midlands Electricity and Northern Electric, with London Electricity likely to follow in early 1997.