Being a community under the rule of law, it is through the harmonization of laws that the Energy Community aims to achieve its goals and to link the markets of the Contracting Parties with each other and the internal market of the European Union. The implementation of a common set of legal rules – the acquis under the Energy Community Treaty – is expected to create a stable regulatory and market framework for achieving the common goals.
To what extent the Contracting Parties live up to their commitments by implementing the acquis communautaire is thus of the greatest importance for the progress of the Energy Community. In this respect, one needs to remember that the Contracting Parties have come a long way from the state of their energy sectors in the 1990’s to endorsing
the European model based on competition, sustainability and security of supply.
Furthermore, implementation of the Treaty is not static. The Energy Community exists in an ever-changing global and European environment. In Dec 2007, the Ministerial Council extended the Energy Community acquis to two security of supply directives. Additional, three directives in the area of energy efficiency followed in Dec 2009. In Oct 2011, the Ministerial Council adopted the European Community’s “Third Package” of internal market legislation.
CONTENT
The next page presents the most recent Annual Report of the Implementation of the Treaty. The pages to follow throw light on the Contracting Party missions and on the complimentary implementation partnership of the Secretariat. The last page describes the way towards the Third Package.
