Up to now the Electricity Market in Montenegro is not well developed. 30 percent of the electricity is imported. A yearly tender for electricity import is advertised internationally, and the best offers are selected based on previously established criteria.
The contracts include a quite high level of elasticity(up to 30%), which combined with high percentage of hydro power, enables the system to work without day-ahead market. Two hydro-generators are enabled to adjust to the system requirements automatically so they cover a significant amount of balancing energy of Montenegro.
Transmission System Operator and Distribution System Operator are part of the vertically