According to the Article 22, paragraph (1) of the Energy Law ("Official Gazette of the Republic of Macedonia", no. 16/11, 136/11, 79/13, 164/13, 41/14, 151/14, 33/15, 192 / 15, 215/15, 6/16, 53/16 and 189/16), the Energy Regulatory Commission of the Republic of Macedonia (ERC) has the authority to monitor the functioning of the energy markets in order to provide their efficient, competitive and smooth functioning, as well as to provide secure energy supply.
Monitoring of the energy markets is one of the key functions of ERC aimed at increasing efficiency, competitiveness and transparency of energy markets, detect irregularities, distortions of competition and unfair market competition, as well as other activities related to the functioning of the energy markets.
Market monitoring findings serve as a key input for carrying out impact assessment of the existing regulations on the functioning of the energy markets, as well as provide timely information on the need for adoption of new or amendment of existing legislative acts.
ERC, based on Article 23, paragraph (5) of the Energy Law ("Official Gazette of the Republic of Macedonia", no. 16/11, 136/11, 79/13, 164/13, 41/14 , 151/14, 33/15, 192/15, 215/15, 6/16, 53/16 and 189/16) adopted the Rulebook on Monitoring of the Functioning of Energy Markets ("Official Gazette of the Republic of Macedonia", no. 207/16 and 215/16), which prescribes the manner and procedures for monitoring of the energy markets functioning.
The holders of licenses performing energy activities are obliged to submit to ERC information and data relevant for monitoring of the functioning of the energy markets in a manner, form and under the conditions specified in the Rulebook on Monitoring of the Functioning of Energy Markets.
ERC, after collecting relevant reports, data and information from the license holders, will process, analyze and publish relevant reports. Through publishing information and data on energy markets developments, understanding and trust between the active companies at the energy markets and the consumers should be fostered.
These publications will aim public to be better acquainted with the functioning of the energy markets, which should contribute to increased competitiveness, as well as meeting customer’s needs and improving their protection.
Activities in this area are carried out by the Energy Markets Monitoring Department.