SECURITY OF SUPPLY IN THE LIGHT OF TREATY ESTABLISHING THE ENERGY COMMUNITY Cover Image

SECURITY OF SUPPLY IN THE LIGHT OF TREATY ESTABLISHING THE ENERGY COMMUNITY
SECURITY OF SUPPLY IN THE LIGHT OF TREATY ESTABLISHING THE ENERGY COMMUNITY

Author(s): Dragana Barjaktarević, Milan Barjaktarević
Subject(s): Economy, Law, Constitution, Jurisprudence
Published by: Fakultet za poslovne studije i pravo
Keywords: Treaty establishing the Energy Community; security of supply; energy and energy sources reserves

Summary/Abstract: Contracting Parties of the Treaty establishing the Energy Community committed themselves to adopt acquis communautaire of the European Union in the energy field. As communautaire regulations are constantly evolving, Articles 24 and 25 of the Treaty provide the possibility of adaptation, i.e. harmonization with the development of the European Community legislation. Thereby, Contracting Parties have a possibility to harmonize their legislation in the energy field and other related fields constantly bearing in mind the specific situation and options for each Contracting Party. Regular security of supply is safeguarded by sufficient quantities of energy in the market, energy sources reserves, energy market development, safe operation of energy network as well as by the creation of conditions for each entity to have an opportunity to become an energy consumer in case this is what one opts for. The Energy Law (“Official Gazette of RS”, No. 145/14, 95/18 – other Law) created the basis for safeguarding operational energy source reserves and mandatory natural gas reserves which will certainly have effect to the security of customers supply in case of disruptions in the energy and energy sources market.

  • Issue Year: 10/2020
  • Issue No: 28
  • Page Range: 9-16
  • Page Count: 8
  • Language: English