This book focuses on the two intra-regional initiatives created for the development and integration of energy markets: the Energy Community and MedReg. The Energy Community and MedReg, apart from their common strategic role in providing a much-needed stable regulatory environment for energy markets in their respective reference countries, represent examples of a diverse development of regional energy initiatives. The former is initiated by external factors and is an example of a top-down approach, whereas the latter is a voluntary bottom-up initiative of the countries involved. The way the...