Montenegro’s New Energy Law Empowers Citizens to Sell Surplus Electricity
Date: 04.10.2024.
Long story short:
Montenegro’s new Energy Law introduces significant changes, including allowing citizens to sell surplus electricity and engage in flexible pricing. These measures are designed to enhance energy efficiency and market participation for individuals and households.
Main Content:
Montenegro has recently enacted a new Energy Law that introduces several key innovations aimed at empowering citizens in the energy sector. One of the most notable changes is the ability for individuals and households to sell surplus electricity on the market. The law establishes a new entity known as an aggregator, which collects electricity from multiple participants to pool it into a collective capacity of one megawatt or more. This aggregated energy is then sold on the market, enabling participants to benefit financially from their surplus production. In addition, the law allows households to offer balancing services. These services include importing electricity when there is a shortage in the system or agreeing to temporary power reductions in exchange for payment.
Another major change brought about by the new law is the introduction of flexible electricity pricing, replacing fixed rates. Consumers will have access to hourly electricity prices for the following day, allowing them to optimize energy usage and take advantage of lower rates during off-peak times.
The law also establishes a Regional Coordination Center to help prevent large-scale outages, contributing to the overall stability of the power grid.
Impact on Industry:
The new Energy Law is set to empower citizens, offering them new opportunities for financial gain through the sale of surplus electricity. This will encourage greater engagement with renewable energy and promote energy efficiency at the individual level. Flexible pricing and the ability to provide balancing services will help consumers better manage their energy consumption and costs. The creation of the Regional Coordination Center is expected to enhance the reliability of Montenegro’s power grid, benefiting both consumers and the broader energy market.
Conclusion:
Montenegro’s new Energy Law introduces crucial reforms that will increase energy efficiency and market participation for citizens. With opportunities for surplus electricity sales, flexible pricing, and improved grid stability, these changes mark a significant step forward in the country’s energy sector.
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