Regulatory authority

State of compliance

The Energy and Water Regulatory Authority of Montenegro (REGAGEN) performs as an independent regulator committed to pro-actively design the electricity market. This includes cooperation with Italian authorities on a common auction office for the electricity interconnector between Italy and Montenegro and a market coupling pilot project. Electricity Network Codes have been transposed into national legislation, however, the required regulatory criteria based on which derogations from Codes can be granted have not been adopted yet. The 2020 amendment of the Energy Law empowers the REGAGEN management to autonomously decide on the authority’s internal organisation without the need for governmental approval.