The conflicts of the 1990s led to the disintegration of a unified energy system that stretched from the Adriatic to the Black and Aegean Seas. What was once a single system is now a patchwork of several. Regardless of the frontiers drawn on maps since the conflict erupted, the separate entities still rely on each other for the smooth functioning of their power supplies.
Thus, the South East European region needed a framework in which it can cooperate on rebuilding its energy networks, ensure the stability vital for investment, and create the conditions in which its economies can be rebuilt effectively. A regional approach to energy security offers significant advantages both in terms of improved utilisation of existing supply and production capacities as well as optimising future investments. The raison d’être of the Energy Community is to facilitate this process. Ultimately it will also support the integration of the region into the internal energy market of the European Community.
- Facts and Figures
- Legal Framework
- Dispute Settlement Mechanism