cross-border electricity trade

cross-border electricity trade

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The Energy Charter Treaty (ECT) is an international agreement that facilitates a multilateral framework for cross-border electricity trade. The ECT came into force in 1998 and has fifty-three Signatories and Contracting Parties. The ECT focuses on promotion and protection of energy investments, and dispute resolution mechanisms. Similar to the EC, the ECT Secretariat can facilitate negotiation between parties in a conflict to reach an amicable settlement. The EC provides dispute resolution between countries under Article 27, and between investors and countries under Article 26. One of the most important aspects of the ECT’s dispute resolution mechanism is its focus on the critical issue of transit. สล็อต เว็บตรง