THE VITAL ECONOMIC COMPONENTS OF THE ELECTRICITY MARKET IN THE REPUBLIC OF NORTH MACEDONIA
THE VITAL ECONOMIC COMPONENTS OF THE ELECTRICITY MARKET IN THE REPUBLIC OF NORTH MACEDONIA

Summary/Abstract: Electricity is certainly the most noble energy form and the most important factor for the economic development of a country. The management of electricity has over a century long history and it is not an economic activity which is in the phase of maturity or decline, but on the contrary, this activity has a bright future. Therefore, the elaborated issue is very much up-to-date, considering the fact that it covers the vital economic components related to the electricity market including the imports dependency of the Republic of North Macedonia and the liberalization of the electricity market within the European Union and the Republic of North Macedonia. As part of the above mentioned, the main attention in this paper will be focused on the detailed and practical processing of the domestic economy dependence on import of electricity and the country’s financial means spent for this purpose. In addition, the electricity market liberalization process will be reviewed, which full implementation starting from January 2019 will directly impact the creation and improvement of the competitiveness between the electric power companies, including the establishment of real market price of electricity.

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