Europe
With a power score of 1.4, Montenegro ranks number 93 among Emerging Markets and number 11 in the Europe region
Power score
1.4/5
Score over time
2023 - 2024
Montenegro has a power score of 1.40, which puts it at rank 93 in the Emerging Markets power ranking. In comparison to 2023, Montenegro has improved in the power rankings by 1 place, from rank 94, to rank 93.
At 1.40, the power score of Montenegro is worse than than the regional average of NaN in the Europe region and puts it at rank 11 in the region.
Montenegro implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Feed-in tariff, Net metering, VAT incentives, and Priority grid access.
The average electricity price in Montenegro has dropped from 108.80 USD/MWh in 2022 to 105.80 USD/MWh in 2023. Since 2017, the average electricity price in Montenegro has fluctuated between 72.34 USD/MWh (2017) and 116.66 USD/MWh (2019).
The top amount of capacity installed in Montenegro in 2023 was in Large Hydro at 61.26%, down from 61.52% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 0.42%, up from 0% in 2022.
The top amount of electricity generated in Montenegro in 2023 was in Large Hydro at 48.76%, up from 39.56% in 2022.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.