Montenegro saw a notable decrease in electricity production in 2024, generating 3,447 GWh, which is a 15% drop compared to the previous year and 4.4% below the forecasted figures. The decline was largely attributed to unfavorable hydrological conditions, as reported by the Ministry of Energy.
Hydropower production, which is a key component of the country’s energy supply, experienced the most significant decline. Compared to 2023, when water levels were particularly high, the generation from hydropower plants fell by 20%. The 342 MW HPP Piva produced 746 GWh, a 20% decrease from the previous year, while the 307 MW HPP Perucica saw an 18% drop, generating 855 GWh. Smaller hydropower plants in Montenegro collectively contributed just 155 GWh, a sharp 31% reduction from 2023 levels.
At the close of 2024, Montenegro’s total installed electricity generation capacity stood at 1,090 MW. This includes 705 MW from hydropower, 118 MW from wind, 43 MW from solar, and 225 MW from the Pljevlja thermal power plant. The thermal plant also saw a performance decline, with production falling by 12% to 1,338 GWh.
On the other hand, wind energy output saw a slight decrease of 6%, amounting to 291 GWh, while solar power experienced impressive growth. Thanks to the integration of additional solar panels into the grid, solar generation more than tripled, increasing by 230% to reach 62 GWh.
Despite the challenges in energy generation, electricity demand in Montenegro continued to rise. Gross electricity consumption increased by 3.8% to 3,303 GWh, and net consumption grew by 4.7%, totaling 2,831 GWh.
