north macedonia Archives - Balancing Energy

North Macedonia restores strategic oil pipeline to reduce import dependence

North Macedonia’s Government announced that the oil pipeline connecting Thessaloniki and Skopje is expected to return to service before the end of the year, ending more than a decade of inactivity. Prime Minister Hristijan Mickoski stated that the pipeline had deteriorated significantly after years without maintenance, but that rehabilitation works are now progressing steadily. Pressure […]

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North Macedonia maintains full domestic electricity supply in September 2025

Electricity consumption in North Macedonia reached 373,518 MWh in September 2025, while natural gas use totaled 19.4 million cubic meters. Coal consumption amounted to 368,114 tons, and the use of petroleum products stood at 95,577 tons. According to the State Statistical Office, domestic production covered 100 percent of electricity demand during the month, and 99.9

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North Macedonia: Makpetrol reports 19% profit growth in first nine months of 2025

Macedonian fuel retailer Makpetrol reported a non-consolidated net profit of 14.7 million euros for the first nine months of 2025, marking a 19 percent increase compared to the same period last year. Operating revenues fell slightly by 1 percent to 377 million euros, while operating expenses also decreased by 1 percent, totaling 364 million euros.

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North Macedonia: Day-ahead power trading jumps 82% year-on-year in October 2025

In October 2025, electricity trading on North Macedonia’s day-ahead market reached 146,498 MWh, marking an 81.7% increase compared to the same month last year and a 43% rise from September. According to the market operator MEMO, the average market-clearing price stood at 125.67 euros/MWh, up 37.1% from the previous month. The daily average trading volume

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North Macedonia faces critically low hydropower reserves amid prolonged drought

Prolonged drought and scarce rainfall have severely reduced water levels in North Macedonia’s reservoirs and hydropower plants. According to data from state-owned power utility ESM, the total stored energy currently amounts to just 124 GWh—only 21% of the country’s total reservoir capacity. At this time of year, hydropower facilities typically supply around a quarter of

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North Macedonia: OKTA reports strong profit growth despite lower revenues in 2025

North Macedonian oil refinery OKTA, owned by Greece’s Hellenic Petroleum, reported a net profit of 7.3 million euros in the first nine months of 2025, up from 2.1 million euros in the same period last year. The company’s sales revenues reached 456 million euros during the period, representing an 18% decrease compared to 2024, while

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Region: Feasibility study completed for Serbia–North Macedonia gas interconnector, construction planned by 2027

The feasibility study for the planned gas interconnection between Serbia and North Macedonia has been completed, marking a key step forward in the project’s preparation phase. The new interconnector is expected to be constructed by 2027, with commissioning scheduled for 2028. Once operational, it will enable bidirectional gas flow between the two countries, providing access

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North Macedonia: Electricity production drops 21% in August amid higher imports and lower output from thermal and hydro plants

In August 2025, total electricity consumption in North Macedonia reached 409,092 MWh, while natural gas consumption amounted to 20.2 million cubic meters. Coal consumption totaled 267,987 tons, and the use of petroleum products stood at 110,475 tons, according to data from the State Statistical Office. Domestic generation covered 93.2% of the country’s electricity needs that

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North Macedonia: EVN Group invests €10.4 million in upgrading electricity network

In the first half of 2025, EVN Group’s electricity distribution arm, Elektrodistribucija, completed a series of major infrastructure projects to modernize and strengthen North Macedonia’s low-voltage electricity network. The initiative aimed to improve network reliability, reduce transmission losses, and integrate advanced technologies into daily operations. As part of the modernization program, 135 kilometers of new

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North Macedonia: AFD awards €600,000 grant to MEPSO to modernize and digitalize power grid

The French Development Agency (AFD) has granted North Macedonia’s electricity transmission system operator MEPSO 600,000 euros to support the modernization and digitalization of the country’s electricity transmission network. The non-repayable funding will provide technical assistance aimed at improving system efficiency, enhancing network reliability, reducing technical losses, and preparing MEPSO for higher integration of renewable energy

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