MEMO Ltd, the National Electricity Market Operator of North Macedonia was formally established in August 2018 and started operations in October 2019. MEMO is fully owned by JSC MEPSO Skopje, the Transmission System Operator for Electricity of North Macedonia.

On 1 October 2019, a license for organising and managing the electricity market in the Republic of North Macedonia was issued to MEMO Ltd by the NRA, the Energy and Water Services Regulatory Commission of the Republic of North Macedonia.

MEMO carries out various tasks as a ‘delegated operator’, including administration of the bilateral electricity market, imbalance settlement calculations and invoicing. In addition, they act as the single buyer and Balancing Responsible Party (BRP) for all supported Renewable Energy Sources (RES) in North Macedonia and provide RES production forecasts.

As of 2020, there were a total of 203 registered producers that use feed-in tariffs on the Macedonian electricity market:

• 96 small hydropower plants
• 102 photovoltaic plants
• 1 wind power plant
• 3 biogas plants
• 1 biomass plant

These power plants produced a total of 393.603.786 kWh green electricity in 2020.

MEMO was nominated as Nominated Electricity Market Operator (NEMO) in September 2020 by the Government and has been tasked with establishing an electricity spot exchange (day ahead and intraday) for North Macedonia as well as to provide opportunities for and participate in future market coupling operations with neighboring countries.

MEMO’s mission is to provide a secure and transparent trading environment, providing each market participant with fair and equal access to the market.