The Law on Efficient Use of Energy (Zakon o efikasnom korišćenju energije, Official Gazette of Serbia no. 25/2013) (the “Energy Efficiency Law”), adopted by the Serbian Parliament on 15 March 2013, brings foundation for the development of the ESCO (energy service company) industry in Serbia. The legislation is based in the EU Directive 2006/32/EC. Taking into account the fact that this Directive has been recently replaced by EU Directive 2012/27/EU and the conclusions of the Permanent High Level Group, one may expect amendments to the Energy Efficiency Law to align it with the latest EU Directive in this area. Read more
