engleski

Electricity sector reforms in Bosnia and Herzegovina: Results and policy implications

Analysis showed that electricity sector reforms in Bosnia and Herzegovina have not been implemented as they should according to the Third Energy Package and obligations deriving from the Energy Community membership. Despite the sanctions and infringement procedures for non- transposition of the Third Energy Package that has been adopted against Bosnia and Herzegovina, its legal and regulatory framework for the electricity market is still non- compliant with the Energy Community acquis. Legal framework harmonisation with the Acquis communaitaire is completely missing on state level in Bosnia and Herzegovina while the legal compliance with the Acquis is somewhat better on entitty levels. Still, they do not comply with the Third Energy Package as well and this situation strongly hinders the required structural reforms and liberalization of the electricity market. Development of electricity market in Bosnia and Herzegovina has been also influenced by regional electricity market that started by European Union's incentive. The Treaty establishing the Energy Community, which was signed on 25 October 2005 between the European Union and nine Contracting Parties from Southeastern Europe in Athens, entered into force on 1 July 2006 paving the way for the creation of potentially the biggest internal electricity and gas market in the world. Extending the European Union internal energy market to its neighbouring countries, the Energy Community aims to create a regulatory and market framework capable to secure reliable energy supply and attract investments in energy sector. All Contracting Parties from Southeast Europe started to implement reforms in energy sector with different pace, but Bosnia and Herzegovina has been marked as the worst performer. It is not wonder because Bosnia and Herzegovina is a victim of its own constitutional framework and political complexity. However, during 2016 some new developments have occured that give some hope for this country to solve some of the obstacles for functioning national and regional electricity market.

Bosnia and Herzegovina, Southeast Europe, energy reforms, regional electricity market

nije evidentirano