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Renewable energy

North Macedonia's New Law on Energy Paves Way for Sovereignty and Sustainability

Strategic Insights

— 2 min read

The Government of North Macedonia has stated that the new Law on Energy will bring numerous benefits to the country and its energy future. The law will establish a liberalized, transparent, and competitive electricity market, ensuring fairer prices and more choice for consumers. It will also introduce smart meters for accurate consumption measurement and provide daily insight for consumers into their electricity usage. The law is compatible with the reform agenda for the Western Balkans and with EU directives.

Key Takeaways:

  • The Law on Energy will increase the share of renewable energy sources in final consumption, with a significant increase in the use of solar, wind, and other renewable energy sources.
  • The law will promote energy efficiency and reduce losses, with a focus on infrastructure stability through investments in storage systems and digitalization.
  • The law will create conditions for greater integration with regional and European energy networks, enabling new investments in renewable energy and digitalized grid infrastructure.
  • The law will provide a stable, transparent, and predictable framework for domestic and foreign investors, protecting vulnerable groups and ensuring fair access to energy for all.
  • The law will support new concepts such as citizen energy communities and demand-side management models, increasing market liquidity and providing equal investment opportunities for citizens and businesses.
  • The law will strengthen the capacities of regulators and operators, enabling them to respond to the changing energy landscape and ensure a safe and reliable energy supply.
  • The law will be implemented in close collaboration with international organizations and experts, with a focus on achieving EU energy directives and promoting energy sovereignty for North Macedonia.

Statistics:

  • 61 amendments were adopted during the drafting process of the Law on Energy.
  • 4 out of 11 amendments submitted by the opposition party were adopted, including provisions aimed at protecting consumers from unrealistically high electricity bills.
  • The law will lead to a significant increase in the share of renewable energy sources in North Macedonia's final consumption, with a focus on solar, wind, and other renewable energy sources.
  • The law will promote energy efficiency and reduce losses, with a focus on infrastructure stability through investments in storage systems and digitalization.
  • The law will create a stable, transparent, and predictable framework for domestic and foreign investors, protecting vulnerable groups and ensuring fair access to energy for all.

Sources:

  • [Global Data Point, 2022]
  • [Balkan Green Energy News, 2022] (note: exact date not provided, just "2022")
  • [ERC/RKE, 2022] (note: exact date not provided, just "2022")
  • [Ministry of Energy, Mining and Mineral Resources, 2022] (note: exact date not provided, just "2022")

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