Energy Reports

Macedonia energy report

Macedonia energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated Macedonia energy market data.

Macedonia energy report
Update: April, 2019
Format: 2 files (PDF report, Excel file)
Pages: 27 (Report only)
Delivery: Immediate by e-mail


Macedonia energy market report offers an incisive and reliable overview of the energy sector in Macedonia. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2017 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.

  • Institutions & Energy Policy

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

  • Energy Companies


    In 2005 the national electricity company, Elektrostopanstvo Na Makedonija (ESM), was split into 3 entities: ELEM for production, MEPSO for transport and ESM-Distribution for distribution.

  • Energy Supply


    Macedonia has no oil and gas resources but has reserves of around 330 Mt of lignite 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). Macedonia has a geothermal potential of ...

  • Energy Prices


    The average electricity price has been lower in industry than in the residential sector since 2014. However, the gap is narrowing (from 25% in the first half of 2017 to 6% in the first half of 2018) as industrial prices are increasing (+19% over this 18-month period) to MKD 4.5/kWh (€7.4c/kWh) in the first half of 2018, while residential prices are declining (-5%) to MKD 4.8/kWh ...

  • Energy Consumption

    In 2017, the country's energy consumption per capita was 1.3 toe, which is 56% below the European average, including 3 000 kWh of electricity (45% below the European average).

    Total energy consumption decreased rapidly between 2011 and 2015 (-4.2%/year) and has remained stable since then (2.7 Mt).

    Oil covers 38% of consumption, lignite 35%, hydroelectricity 10%, biomass 9% and ...

  • Issues & Prospects

    MEPSO expects electricity consumption to increase by 2040 (by 0.9-2.5%/year in a low-demand scenario and by 2.7-3.1%/year in a high-demand scenario).

Download the Table of Contents

In the Macedonia market report you will find the graphs mentioned below:

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2017 %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2017, %)
  • GRAPH 5: Consumption trends by energy source (Mtoe)
  • GRAPH 6: Total consumption market share by energy (2017, %)
  • GRAPH 7: Final consumption market share by sector (2017, %)

In the Macedonia market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Macedonia market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2017 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.
  • Macedonia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the 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).

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