Renewables

Montenegro gets first Law on the Use of Energy from Renewable Sources

Montenegro gets first Law on the Use of Energy from Renewable Sources mujovic

Photo: Parliament of Montenegro

Published

August 19, 2024

Country

Comments

comments icon

0

Share

Published:

August 19, 2024

Country:

Comments:

comments icon

0

Share

Members of the Parliament of Montenegro have voted for the country’s first Law on the Use of Energy from Renewable Sources. Numerous novelties include an incentives scheme for investments in renewables.

The goal of the law is to reduce carbon dioxide emissions and increase the production of energy from renewable sources, Minister of Energy Saša Mujović said in Parliament of Montenegro, local media reported.

He noted that the law is necessary to complete chapter 15 of the negotiations on joining the European Union. The adoption deadline was December 31, 2022, the minister pointed out. Mujović added that the Energy Community Secretariat gave a positive opinion on the law.

Of note, the ministry earlier said that the law fulfills the country’s obligations towards the Energy Community regarding the transposition and implementation of the EU’s Renewable Energy Directive (2018/2001).

The law is aimed at fulfilling EU accession obligations

The minister now explained that the intention is improve the environment in a way to enable Montenegro to meet its obligations on its path to the EU as soon as possible. They consist of reducing CO2 emissions and boosting renewable energy production, he added.

Mujović said that under the current incentives scheme, the government must purchase renewable electricity. State-owned power utility Elektroprivreda Crne Gore (EPCG) covered 85% of the funds so far and the rest came from the citizens, he asserted.

The new incentives system will reduce citizens’ expenses

The law stipulates a new model for incentives, based on market premiums, according to Mujović.

He underscored that the government wouldn’t be obliged anymore to offtake the renewable electricity, lowering significantly the costs for citizens. The energy will be sold on the market, Mujović added.

The law also introduces auctions.

The European Bank for Reconstruction and Development (EBRD), which advised the government, earlier said it expects the country to launch the first renewables auctions by 2025.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Global battery storage capacity expands record 200 GWh 2024

Global battery storage capacity expands by record 200 GWh in 2024

29 May 2025 - The cost of storing electricity has dropped thanks to the declining cost of battery projects and technological advancements, Rystad says

Olympus CCUS project breaks ground in Greece

Olympus carbon capture project breaks ground in Greece

29 May 2025 - Carbon capture, utilization and storage (CCUS) is a must for the future of the cement industry, Prime Minister Kyriakos Mitsotakis said

CyberGrid is committed to energy transition in SEE with its aggregation solutions Candellari

CyberGrid is committed to energy transition in SEE with its aggregation solutions

28 May 2025 - CyberGrid's Nikolaj Candellari said at BEF 2025 that the firm believes in the energy transition in SEE, contributing to the process with its solutions

electricity market liberalization kosovo

Kosovo’s electricity market liberalization sparks protest by businesses

28 May 2025 - Starting on June 1, businesses with an annual turnover of over EUR 10 million will be required to buy electricity on the open market