The Government of Montenegro said it approved the Bill on Energy and that the document enables electricity market’s development and creates preconditions for gas market’s development.
New regulations, harmonized with EU directives, are aimed at improving the business environment for investing in the construction of energy facilities, the official website said. The bill, prescribes conditions for conducting energy activities and their effective implementation in order to provide energy supply in a more efficient and safer manner, the government said. The document also covers the power and gas market’s organization and management, the incentives for generating energy from renewable sources, and energy efficiency in the field of electricity generation, transmission and distribution, the report adds. The Law on Energy had been amended in late February.
The cabinet also adopted the Bill on Cross-Border Trade in Electricity and Natural Gas, including preconditions for the country’s energy and gas market’s integration with the EU, in compliance with the rules of the bloc and the Energy Community.