Price of new industrial and commercial energy storage equipment in North Macedonia
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3 FAQs about Inverters & Power System Solutions
Why did electricity prices increase in North Macedonia in 2022?
All the gas is imported. Gas imports decreased by 35% in 2022 to 275 mcm, as gas import prices increased fivefold. Since 2020, higher prices on the European wholesale markets have contributed to raise electricity prices in North Macedonia.
What is happening in North Macedonia?
The country is developing several power and gas interconnection projects. Many solar projects have been announced. North Macedonia (called FYROM until 2019) is a small republic resulting from the break-up of former Yugoslavia, independent since 1991.
Is North Macedonia part of the EU?
North Macedonia (called FYROM until 2019) is a small republic resulting from the break-up of former Yugoslavia, independent since 1991. It is part of the Energy Community Treaty with the EU (along with Albania, Bosnia Herzegovina, Kosovo, Serbia, Montenegro, Moldova, Georgia, and Ukraine), which aims at creating a pan-European energy market.
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