Europe
With a power score of 2.37, North Macedonia ranks number 14 among Emerging Markets and number 3 in the Europe region
Power score
2.37/5
Score over time
2021 - 2024
North Macedonia has a power score of 2.37, which puts it at rank 14 in the Emerging Markets power ranking. In comparison to 2023, North Macedonia has dropped in the power rankings by 5 places, from rank 9, to rank 14.
At 2.37, the power score of North Macedonia is worse than than the regional average of NaN in the Europe region and puts it at rank 3 in the region.
North Macedonia implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Feed-in tariff, Net metering, Import tax incentives, Priority grid access, and Renewable Energy Certificates.
The average electricity price in North Macedonia has dropped from 239.86 USD/MWh in 2022 to 166.99 USD/MWh in 2023. Since 2017, the average electricity price in North Macedonia has fluctuated between 91.97 USD/MWh (2017) and 239.86 USD/MWh (2022).
The top amount of capacity installed in North Macedonia in 2023 was in Coal at 26.23%, down from 30.41% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - residential at 7.62%, up from 1.78% in 2022.
The top amount of electricity generated in North Macedonia in 2023 was in Coal at 46.77%, down from 49.62% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 4.99%, up from 1.48% in 2022.
Investment in clean energy in North Macedonia was around $6.30 million in 2023, a decrease of 92.31% from 2022 ($81.94 million). Between 2018 and 2023, the highest investment in clean energy was in 2021 at $104.64 million, while the lowest was in 2023 with $6.30 million.
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.