Electricity market

Stats on electricity generation and consumption in the Republic of Macedonia

  • Between 2000 and 2008, energy consumption rose 34 %, from 6,433 GWh to 8,609 GWh.
  • Demand growth averaged 1.9% per year between 2000 and 2009, below GDP growth of 2.7 percent on average over the period, indicating that the energy intensity of production has increased.
  • Domestic consumption peaked in 2008 at 8609 GWh.
  • In 2009, domestic electricity consumption was 7597 GWh while domestic supply was at 6152 GWh; leaving Macedonia with a electric power deficit of nearly 1500 GWh

This deficit has been met by imports which an average cost of €95 million between 2003 and 2009; and peaked at €235 million (or 3.6% of GDP) in 2008, adding to the country’s current account deficit.

Source: IMF Working paper, The Electricity Sector in  Macedonia, Alexander F. Tieman, WP/11/30, February 2011