Perspectives of single energy market in SEE countries

Abstract

Energy sector, as one of the most important sectors of economy, represents an accelerator of economic growth and sustainable development in the contemporary society. Likewise, the energy sector has, for the Southeast European countries, the key role in the process of EU integration. Conducting and implementation of reforms in this area is also clearly manifested through the processes of ratification and implementation of the Energy Community Treaty of the Southeast European countries. In this way, contracting parties have assumed responsibility to harmonize their legislation with the demands of the European Union Directives that refer, primarily, to energy and environment protection from a negative influence of energy activity. This would provide a full participation of the Southeast European countries in the internal energy market of the EU. The aim of this paper is to present in brief the importance and amenities of the integration to the Energy Community and the prospects for development of the energy sectors of the region and of the Republic of Serbia.