European energy law and its impact on Serbia progress, perspectives and possibilities

Abstract

The European Energy Law will have great impact on Serbia and its renewable energy sector. The Energy Community is extending the European Union internal energy market to Southeast Europe and beyond on the ground of legally binding treaty. Thus, Serbia, as a member of the Energy Community, has been committed to implement the relevant EU regulations concerning the energy sector step-by-step. Furthermore, the ability of Serbia to assume the obligations of membership is evaluated on the basis of the implementation of the EU Acquis. The energy sector has been outlined by the European Commission as one of the fields where Serbia will have to undertake additional efforts to align with the acquis in the medium term. As the European Council granted Serbia the candidate status in March 2012, the EU will monitor the adoption of the EU Energy Acquis closely.