Gaps between political commitment and effective implementation of the EU energy legislation, including its third energy package, market structure reform, a lack of effectiveness in enforcement and a low level of investment in infrastructure are some of the issues highlighted in a
report
on the reform of the Energy Community.
“Today the Energy Community is facing serious challenges and new tasks and we are suggesting how to respond to them,” said Jerzy Buzek MEP (EPP, Poland), chair of the group,…
Background
The Energy Community was created in 2005 with the aim of extending the EU’s internal energy market across neighbouring markets, such as the Western Balkans, Eastern Europe and the Mediterranean region. It consists of the EU's 28 member states plus eight South-Eastern European countries, known as contracting parties, and four countries with observer status (Turkey, Norway, Armenia and Georgia). Georgia is set to become the ninth contracting member in the autumn. It is seen as being an important strategic link between the Caspian region and the Energy Community market area.