The European Union's executive body said Wednesday it is taking Poland and Finland to court, proposing fines for not fully implementing new rules on the liberalization of energy markets.

The European Commission, which has executive powers in the EU, said Poland and Finland have failed to translate into national law EU rules aimed at increasing liberalization and competition in the bloc's natural gas and electricity markets.

It proposed a daily fine of 88,819 euros ($113,720.9) for Poland --which hasn't fully implemented gas rules-- and EUR60,710 for Finland --which is still lagging behind on both markets.

Increased liberalization and integration of energy markets is one of the top EU priorities in the area, as it will ease price pressures, increase competition and promote security of supply of a heavily import-dependent region.
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