Montenegro’s annual energy balance for 2024 revealed that the country produced less electricity than planned, while consumption increased.
A total of 3,446.6 GWh of electricity was generated, which is 4.4 percent less than projected and nearly 15 percent less compared to 2023. However, the amount of electricity produced was sufficient to meet domestic market needs.
The main factor behind the production decline was an unfavorable hydrological balance – a lack of precipitation and a dry year, which significantly reduced output from hydropower plants. Specifically, the Perućica Hydropower Plant achieved around 93 percent of its planned production, while the Piva HPP was close to its target but still recorded significantly lower results than the previous year. Small hydropower plants generated only 83 percent of the planned amount.
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As for wind power plants, they produced about 89 percent of the planned energy, while solar power plants reached 59 percent of their target. Although solar energy fell short of expectations, it’s worth noting that production from this source more than tripled compared to the previous year, indicating room for further growth.
The Pljevlja Thermal Power Plant delivered the best performance, generating 1,337.84 GWh – about 20 GWh more than planned.
In 2024, electricity consumption in Montenegro rose by approximately six percent above the projected levels.
By the end of the year, the country’s total installed electricity generation capacity stood at 1,090 MW – with hydropower plants accounting for the largest share (705 MW), followed by thermal power plants (225 MW), wind farms (118 MW), and solar power plants (43 MW).
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