In-Depth Review of the Energy Efficiency Policy of Montenegro Energy Charter Protocol on Energy Efficiency and Related Environmental Aspects PEEREA
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Energy Charter Protocol on Energy Efficiency and Related Environmental Aspects PEEREA In-Depth Review of the Energy Efficiency Policy of Montenegro Energy Charter Protocol on Energy Efficiency and Related Environmental Aspects PEEREA In-Depth Review of the Energy Efficiency Policy of Montenegro 2018 2018 DISCLAIMER Information contained in this work has been obtained from sources believed to be reliable. However, neither the Energy Charter Secretariat nor the work’s author guarantees the accuracy or completeness of any information published herein, and neither the Energy Charter Secretariat nor the work’s author shall be responsible for any losses or damages arising from the use of this information or from any errors or omissions therein. This work is published on the understanding that the Energy Charter Secretariat and the work’s author supply the information but do not attempt to render legal or other professional services. This study is published without prejudice to the position of Contracting Parties/Signatories of the Energy Charter Treaty or to their rights or obligations under the Energy Charter Treaty or any other international investment agreement. This review report has been prepared by the Energy Charter Secretariat in cooperation with the Ministry of Economy of Montenegro. The peer review team was composed of officials from countries that are parties to the Protocol on Energy Efficiency and Related Environmental Effects (PEEREA). © Energy Charter Secretariat, 2018 Boulevard de la Woluwe, 46 B-1200 Brussels, Belgium ISBN: 978-905948-211-1 (PDF, English) ISBN: 978-905948-210-4 (Paperback, English) Depot number: D/2019/7850/1 The reproduction of this work, save where otherwise stated, is authorised, provided the source is acknowledged. All rights are otherwise reserved. Layout Design and Prepress: Diana Spotinova for Spotinov Print Ltd. Printed by Spotinov Print Ltd. Photos: Krnovo Green Energy List of Peer Review Team Members Mihai Ramniceanu, Energy Regulatory Authority (ANRE), Romania Peter Gvero, University of Banja Luka, Bosnia and Herzegovina Jan Ciampor, Ministry of Industry and Trade, Czech Republic Borko Raicevic, Energy Community Secretariat Sarah Keay-Bright, Energy Charter Secretariat Oleksandr Antonenko, Energy Charter Secretariat List of Contributors Bozidar Pavlovic, Expert seconded to the Energy Charter Secretariat, Directorate for Energy Efficiency, Ministry of Economy (main author of the report) Marko Radulovic, Directorate for Energy Efficiency, Ministry of Economy Milorad Burzan, Directorate for Energy Efficiency, Ministry of Economy Velibor Sinanovic, Directorate for Energy Efficiency, Ministry of Economy Danilo Barjaktarovic, Directorate for Energy, Ministry of Economy Biljana Maslac, MEEP project (WB) Sandra Sipcic, EEPPB project (KfW) Marija Vujadinovic, EEPPB project (KfW) Jasna Sekulovic, GIZ Aleksandra Kikovic, UNDP Matija Tadic, KfW Jamez Falzon, EBRD Dragan Cizmovic, HPP Perucica Dragomir Blagojevic, HPP Piva Sreten Gojkovic, EPCG Marko Delibasic, EPCG Ivan Mrvaljevic, EPCG Rajko Jaredic, EPCG Radeta Sukovic, Energy Regulatory Agency Igor Malidzan, Energy Regulatory Agency Jelena Anicic, Energy Regulatory Agency Milica Knezevic, Energy Regulatory Agency Predrag Damjanovic, Energy Regulatory Agency Jaksa Riger, Energy Regulatory Agency Ivan Bulatovic, CGES Ranko Vukovic, CEDIS Sava Ostojic, CEDIS Predrag Bogetic, CEDIS Vanja Vukcevic, CEDIS Anja Nedovic, CEDIS Marga Kokovic, Chamber of Economy of Montenegro Mladen Bajkovic, ETG Inzenjering Biljana Gligoric, NGO Expeditio Olivera Kujundzic, Ministry for Sustainable Development and Tourism Jelena Raicevic, Ministry for Sustainable Development and Tourism In-Depth Review of the Energy Efficiency Policy of Montenegro | 2018 Table of Contents List of Peer Review Team Members ..................................................................................................................................................................................................3 List of Contributors .................................................................................................................................................................................................................................................5 Acronyms .........................................................................................................................................................................................................................................................................12 Executive Summary ...........................................................................................................................................................................................................................................16 Recommendations .............................................................................................................................................................................................................................................24 Kratak sadržaj .............................................................................................................................................................................................................................................................32 Preporuke ........................................................................................................................................................................................................................................................................40 1. Background............................................................................................................................................................................................................................................................48 1.1. Country Overview .............................................................................................................................................................................................................................48 1.2. Economic Background ................................................................................................................................................................................................................49 2. Energy Supply and Demand .........................................................................................................................................................................................................60 2.1. Electricity ......................................................................................................................................................................................................................................................62 2.2. Coal ....................................................................................................................................................................................................................................................................64 2.3. Oil Products ...............................................................................................................................................................................................................................................65 2.4. Natural Gas .................................................................................................................................................................................................................................................67 2.5. Heat .....................................................................................................................................................................................................................................................................67 3. Market Structure for Electricity, Natural Gas and Heat ..............................................................................................................................72 3.1 Electricity ......................................................................................................................................................................................................................................................72 3.2 Natural Gas and Heat ......................................................................................................................................................................................................................75 4. Energy-Pricing Policy ..............................................................................................................................................................................................................................78 4.1. Electricity Tariffs ....................................................................................................................................................................................................................................78 4.2. Subsidies for Vulnerable Consumers ........................................................................................................................................................................85 4.3. Taxes and Other Charges ........................................................................................................................................................................................................86 4.4. Emissions Trading