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The Energy Community is an international organisation which brings together the European Union and its neighbours to create an integrated pan-European energy market. The organisation was founded by the Treaty establishing the Energy Community signed in October 2005 in Athens, Greece, in force since July 2006. The key objective of the Energy Community is to extend the EU internal energy market rules and principles to countries in South East Europe, the Black Sea region and beyond on the basis of a legally binding framework.
The mission of the Energy Community Treaty is to:
Establish a stable regulatory and market framework capable of attracting investment in power generation and networks;
Create an integrated energy market allowing for cross-border energy trade and integration with the EU market;
Enhance the security of supply to ensure stable and continuous energy supply that is essential for economic development and social stability;
Improve the environmental situation in relation with energy supply in the region and foster the use of renewable energy and energy efficiency; and
Develop competition at regional level and exploit economies of scale.