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Croatia

With a power score of 2.37, Croatia ranks number 6 among emerging markets and number 19 in the global power ranking.

  • Emerging markets
  • Europe

2.37 / 5

Power score


-2 places

Global power rank change


2021
2022
2023
16
17
19

Overview

Croatia has a power score of 2.37, which puts it at rank 19 in the global power ranking, and rank 6 in the emerging markets power ranking. In comparison to 2021, Croatia has deteriorated in the power rankings by -3 places, from rank 16, to rank 19.

At 2.37, the power score of Croatia is better than the regional average of 2.18 in the Europe region.

Regional power score comparison

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Croatia

Power

Power policy

Croatia implements policies in 5/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in Tariff
Net Metering
Import tax incentives
VAT incentives

Power prices and costs

The average electricity price in Croatia has increased from 149.1 USD/MWh in 2021 to 211.57 USD/MWh in 2022. Since 2017, the average electricity price in Croatia has fluctuated between 121.28 USD/MWh (2017) and 211.57 USD/MWh (2022).

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Power market

The top amount of capacity installed in Croatia in 2022 was in Large Hydro at 31.64%, down from 31.77% in 2021. The technology with the biggest increase in capacity installed in 2022 was Biomass & Waste at 2.93%, up from 2.77 in 2021.

Installed capacity (in MW)

2014201620182020202201K2K3K4K5K MW

Electricity generation (in GWh)

2014201620182020202205K10K15K GWh

The largest electricity generating technology in Croatia in 2022 was Large Hydro, generating some 34.98% of electricity, down from 43.52% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Natural Gas at 24.38%, up from 20.35% in 2021.

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Investment in clean energy in Croatia was around $268.86 million in 2022, an increase of 83.9% from 2021 ($146.2 million). Between 2017 and 2022, the highest investment in clean energy was in 2020 at $351.15 million, while the lowest was in 2021 with $146.2 million.

Utility privatisation

Which segments of the power sector are open to private participation?

Generation: Yes
Transmission: No
Retail: Yes

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

Yes

Doing business and barriers

Type

Question

Availability

Currency of PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

Yes

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Yes

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Yes

Type

Question

Availability

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

No

Transport

Transport policy

Croatia implements policies in 3/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

Yes
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

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