Aim
The Energy Community aims at establishing a common regulatory framework for energy markets in contracting parties by extending the acquis communautaire of the European Union to the territories of participating countries. It covers the relevant fields of energy, environment, and competition of the EU legislation. After entry into force, the treaty acquis has been extended on several occasion. It now also includes legislation in relation to security of supply, energy efficiency, oil, renewable energy and statistics. In line with the update at the EU level, the Energy Community tranposes and implements the EU's Third Energy Package since September 2011.
Timetable for implementation of the treaty is the following:
- in twelve months (by 1 July 2007) implement the two EU energy market directives and the regulation on cross-border network access.
- from 1 January 2008 liberalization of the market for all non-household customers.
- by 31 December 2011 reduction in the sulphur content of certain liquid fuels.
- from 1 January 2015 liberalization of the market for all customers.
- by 31 December 2017 limitation of emissions of certain pollutants into the air from large combustion plants
- by 30 June 2013 complete National Renewable Energy Action Plans, by 1 January 2014 transpose the RES Directive 2009/28/EC and to have thereby binding share of renewable energy as part of the overall consumption in 2020.
- by 1 January 2023 to maintain minimum stocks of crude oil and/or petroleum products.
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