| Author (Corporate) | European Commission, DG Energy and Transport |
|---|---|
| Publisher | EC |
| Publication Date | 2005 |
| Content Type | Key Source, Overview |
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The South East Europe Energy Regulatory Process was launched by the signature of the Memorandum of Understanding on the Regional Electricity Market in South East Europe and its Integration into the European Union Internal Electricity Market (the Athens Memorandum of 15 November 2002). The South East Europe Energy Regulation Forum – the Athens Forum – comprises representatives of the Commission, governments, regulators and transmission system operators of the countries of Southeast Europe, the Council of European Energy Regulators (CEER), the European Transmission System Operators (ETSO), the Union for the Co-ordination of Transmission for Electricity (UCTE), representatives of donors, electricity producing companies, and consumers. The Forum is co-chaired by the European Commission and a representative of the president in office. Improving the balance between energy supply and demand is crucial to boost and sustain economic development in South Eastern Europe. It also means that countries should be prepared to draw fully on the substantial gains which can result from energy trading among themselves and with their neighbours. This requires a strong commitment by the countries of the region towards market oriented reforms in order to: improve overall energy conservation and efficiency, reduce an excessively high energy intensity of production compared to international standards, strengthen national institutional capacities and adapt legislation and regulation to EU norms and practices. Major steps have already been taken over the last couple of years towards achieving these objectives in both the electricity and natural gas sectors. As a result of the Energy Community Treaty signed on 25 October 2005, the Internal Market for Energy will be extended into the Balkan Peninsula as a whole. This means that the relevant acquis communautaire on energy, environment and competition will be implemented there. Market opening, investment guarantees and firm regulatory control of the energy sectors will be enhanced. |
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| Source Link | http://www.energy-community.org/ |
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| Subject Categories | Energy |
| Countries / Regions | Albania, Bosnia and Herzegovina, Bulgaria, Croatia, North Macedonia, Romania, Serbia, Southeastern Europe |
