Decision 2006/500 - 2006/500/EC: Council Decision of 29 May 2006 on the conclusion by the EC of the Energy Community Treaty - Main contents
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official title
2006/500/EC: Council Decision of 29 May 2006 on the conclusion by the European Community of the Energy Community Treaty| Legal instrument | Decision |
|---|---|
| Number legal act | Decision 2006/500 |
| Original proposal | COM(2005)435  |
| CELEX number i | 32006D0500 |
| Document | 29-05-2006 |
|---|---|
| Publication in Official Journal | 20-07-2006; OJ L 335M , 13.12.2008,Special edition in Romanian: Chapter 01 Volume 006,OJ L 198, 20.7.2006,Special edition in Bulgarian: Chapter 01 Volume 006 |
| Effect | 29-05-2006; Entry into force Date of document |
| End of validity | 31-12-9999 |
20.7.2006 |
EN |
Official Journal of the European Union |
L 198/15 |
COUNCIL DECISION
of 29 May 2006
on the conclusion by the European Community of the Energy Community Treaty
(2006/500/EC)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community and in particular Articles 47(2), 55, 83, 89, 95, 133 and 175, in conjunction with the first sentence of the first subparagraph of Article 300(2) and the second subparagraph of Article 300(3) thereof,
Having regard to the proposal from the Commission,
Having regard to the assent of the European Parliament (1),
Whereas:
(1) |
In accordance with the Council Decision of 17 May 2004, the Commission has negotiated the Treaty establishing the Energy Community, hereinafter referred to as ‘the Energy Community Treaty’, with the Republic of Albania, the Republic of Bulgaria, Bosnia and Herzegovina, the Republic of Croatia, the former Yugoslav Republic of Macedonia, the Republic of Montenegro, Romania, the Republic of Serbia and the United Nations Interim Administration Mission in Kosovo (pursuant to United Nations Security Council Resolution 1244) with the view to establishing an Integrated Energy Market Organisation in South-East Europe. |
(2) |
On 25 October 2005, in accordance with the Council Decision of 17 October 2005, the Energy Community Treaty was signed on behalf of the Community. |
(3) |
The Energy Community Treaty provides for the creation of an integrated market in natural gas and electricity in South-East Europe which will create a stable regulatory and market framework capable of attracting investment in gas networks, power generation and transmission networks, so that all Parties have access to the stable and continuous gas and electricity supply that is essential for economic development and social stability. It enables a regulatory framework to be set up, permitting the efficient operation of energy markets in the region, including issues such as congestion management, cross-border flows, power exchanges and others. It therefore aims at promoting high levels of gas and electricity supply to all citizens based on public service obligations, and achieving economic and social progress and a high level of employment. |
(4) |
‘The Thessaloniki Agenda for the Western Balkans: moving towards European integration’, endorsed by the European Council in June 2003 aims at further strengthening the privileged relations between the European Union and the Western Balkans. By creating favourable economic conditions and imposing the implementation of the relevant acquis communautaire, the Energy Community Treaty contributes to the economic integration of the other parties to that Treaty. |
(5) |
The Energy Community Treaty enhances the security of supply of the parties to that Treaty by connecting Greece to the continental European Union gas and electricity markets, and providing incentives to connect the Balkans to the Caspian, North African and Middle East gas reserves. |
(6) |
The Energy Community Treaty makes possible the development of energy market competition in a broader scale and the exploitation of economies of scale. |
(7) |
The Energy Community Treaty improves the environmental situation in relation to gas and electricity, and promotes energy efficiency and renewable energy sources. |
(8) |
In special circumstances such as the event of disruption of network energy, security of supply needs to be ensured in the Energy Community. The mutual assistance mechanism of the Energy Community Treaty can help to mitigate the consequences of the disruption, in particular in the territories of the Contracting Parties within the meaning of that Treaty. |
(9) |
The Energy Community Treaty enables interested adjoining States such... |
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