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Parliament Approves Energy Regulatory Commission’s Financial Plan for 2020 – Business Macedonia

Parliament Approves Energy Regulatory Commission’s Financial Plan for 2020

The Assembly of the Republic of N. Macedonia reviewed and adopted the Financial Plan of the Energy Regulatory Commission of the Republic of Northern Macedonia for 2020 at its 123 plenary session. The total budget for this year is around MKD 86 million and with the approval of the same regulatory body will be able to fully execute the competences with the increased competences, said the President of the Energy and Water Regulatory Commission Marko Bislimoski during the parliamentary procedure through which The Phoenix Plan.

During 2019, the Energy and Water Regulatory Commission adopted over 30 bylaws implementing the obligations arising from the Third Energy Package, recognized by the Energy Community as the best regulatory body in the Energy Community Member States. the implementation of the Third Energy Package. The bylaws enabled the electricity price reduction for households to be reduced by 5% due to the introduction of a cheap tariff. The price of electricity obtained from JSC ELEM in 2019 is reduced by 19% compared to 2018. The price for electricity transmission of AD MEPSO in the last two years has decreased by 32%. Following the adoption of the new electricity distribution network rules, the cost of connecting to the electricity distribution system has been reduced from EUR 500 to EUR 370. The cost of reconnecting the excluded customers has been reduced from MKD 1,740 to MKD 440. The cost of separating the measuring point has been reduced from 500 euros to 200 euros. The liberalization of the electricity market has not caused shocks in the price of electricity for households, and the costs of commercial consumers have been reduced by about 30%.

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