Perspectives of Single Energy Market in SEE Countries

Abstract

On the basis of the Energy Community Treaty, signed in October 2005 in Athens, the Republic of Serbia has become a full member of the regional energy community. The same document was also signed by the representatives of Montenegro, Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Romania, Macedonia and the Interim Mission of the UN at Kosovo and Metohija in accordance with the Resolution 1244 of the Security Council of the UN. This international legal document represents an obligation for the Republic of Serbia to open completely the market of electric energy and gas until 2015. The assembly of the Republic of Serbia adopted the Law on Ratification of Establishing Energy Community Treaty on 14 July, 2006.