Development of Regional Energy Markets Project

WHAT IS THE DEVELOPMENT OF REGIONAL ENERGY MARKETS PROJECT?

Development of Regional Energy Markets (DREM) Project is a three-year activity that started in December 2017. The Project is focused on helping the Government of Macedonia (GOM) comply with European Union energy policies and regulations, such as defined in the 3rd Energy Package of EU Directives and translate relevant EU legislation into national legislation.  The overallDevelopment of Regional Energy Markets (DREM) Project is a three-year activity that started in December 2017. The Project is focused on helping the Government of Macedonia (GOM) comply with European Union energy policies and regulations, such as defined in the 3rd Energy Package of EU Directives and translate relevant EU legislation into national legislation.  The overall goal of the project is to enhance the enabling environment in the energy sector and establish the legal framework for an open, transparent and vibrant energy market while improving the energy services to households and industry, thus strengthening the energy security of the country. goal of the project is to enhance the enabling environment in the energy sector and establish the legal framework for an open, transparent and vibrant energy market while improving the energy services to households and industry, thus strengthening the energy security of the country.

HOW DOES DREM WORK?

  • Provide technical assistance to help the GOM fully comply and align national legislation with the 3rd EU Energy Package and Energy Community (EC) requirements to create better conditions for development of the energy markets in line with the principles of competition, transparency and non-discrimination, resulting in better energy services both to households and to industry.
  • Provide technical assistance to help the GOM comply with the EU Energy Efficiency Directive (EED) and align national legislation with EED and EC requirements to provide legal grounds and favorable conditions for increasing energy efficiency, reducing energy consumption, and developing new energy services and markets for these services and, ultimately, create new jobs in the energy sector.
  • Provide technical assistance to help streamline the investment process for renewables and introduce new incentive schemes in transparent, non-discriminatory and market based procedures that will have positive impact on competition, providing better quality clean energy.

WHAT HAS BEEN ACCOMPLISHED?

  • In May 2018, the Government of Macedonia adopted a new Energy Law that is fully compliant with the Third Energy Package Directives.
  • The Energy Community Secretariat discontinued two cases against Macedonia and withdrew a reasoned opinion submitted to the Ministerial Council following the adoption of a new Energy Law by the Government of Macedonia.

Last updated: July 02, 2018

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