Liberalization and management of the electricity market of Republic of Macedonia
Liberalization and management of the electricity market of Republic of Macedonia

Summary/Abstract: Electricity is certainly the most noble form of energy and it is the most important factor for the economic development of a country, which utilization that started 120 years ago has become the cornerstone of our civilization and life. Therefore, this subject is quite contemporary and this paper focuses on the detailed and practical elaboration of the economic aspects of the electricity market, starting from import, liberalization and electricity prices and its management within the frames of the European Union and the Republic of Macedonia. The analysis of this paper is focused and aims towards the importance and influence of these aspects on managing companies from the electrical energy system for the counties, achieving better business performance, improving efficiency and effectiveness in their work and development, gaining a better market position, improving competitiveness as well as economic development of the entire country. In order to achieve these goals and challenges, this research is based on carefully selected and processed data, which form the underpinning thesis for the characteristics, importance and up-to-date character of the electricity market management in the European Union and the Republic of Macedonia.

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