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North Macedonia energy report

This analysis includes a comprehensive North Macedonia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

North Macedonia energy report
Update: 
March 2021
Format: 
3 files (PDF report, 2 Excel files)
Pages: 
28 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 790 € 

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).

 

Highlights

  • The draft NECP targets a share of 38% of renewables in the final consumption in 2030 and 42% in 2040.
  • ESM, a state-owned company, represents around 3/4 of total power production.
  • Most of the oil and gas supply is controlled by private companies.
  • Lignite represents more than half of the power mix.
  • The country is fully dependent on oil and gas imports.
  • Oil and gas prices follow international prices.
  • Electricity prices are much lower than the EU average (over 60% for households).
  • The energy consumption per capita is more than two times lower than the EU average.
  • Oil and lignite dominate the energy mix, despite a marked decline for lignite.
  • The country is developing several power and gas interconnection projects.
  • More than 1.8 GW of new capacity could be installed after 2025 (mainly renewables).

2nd

lowest energy consumption per capita in Europe

61%

of the power mix from lignite in 2019

52%

share of oil in final energy consumption (2019)

Abstract

  • Institutions & Energy Policy

    North Macedonia is a small republic resulting from the break-up of former Yugoslavia, independent since 1991. It changed its name in 2019 from FYROM (Former Yugoslav Republic of Macedonia), ending a decades-long dispute with Greece. North Macedonia aspires to join the European Union (EU) and, accordingly, is in the process of harmonising and privatising its energy sector.

  • Energy Supply

    Resources:

    North Macedonia has no oil or gas resources but has large reserves of lignite (over 330 Mt) with relatively low caloric value and a high moisture and ash content. Thanks to the mountainous relief and the abundant rainfall, the country has a high hydroelectric potential (theoretical potential is estimated at 9 TWh, compared to a production of around 1 TWh).

  • Energy Prices

    Electricity:

    The average electricity price is slightly lower in industry than in the residential sector. Prices have increased for industry by 11%/year since 2017 to €7.44c/kWh in 2020, whereas they have declined for households by 1.5%/year over this period to €7.76c/kWh in 2020. In August 2020, the regulator approved a 7.4% increase in residential electricity prices, prompting protest.

  • Energy Consumption

    In 2019, the country's energy consumption per capita was 1.3 toe, which is 54% below the European average, including 3 045 kWh of electricity (43% below the EU average).

    Total energy consumption has decreased between 2011 and 2018 and has strongly increased in 2019 (+8%) to 8 Mtoe.

  • Issues & Prospects

    According to the draft NECP, primary energy consumption will grow by 35% between 2017 and 2040 to 3.5 Mtoe, while final energy consumption will increase by 55% to 2.8 Mtoe.

Table of Contents

  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

Download the Table of Contents

List of Graphs

Below is a list of the North Macedonia energy market report graphs:

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019 %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Consumption trends by energy source (Mtoe)
  • GRAPH 7: Total consumption market share by energy (2019, %)
  • GRAPH 8: Final consumption market share by sector (2019, %)

List of Tables

In the North Macedonia energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

The North Macedonia energy market data since 1990 and up to 2019 is included in the Excel file accompanying the North Macedonia country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • North Macedonia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the North Macedonia energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The North Macedonia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.

 

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