Croatian Energy Regulatory Agency (HERA) is an autonomous, independent and non-profit public institution which regulates energy activities in the Republic of Croatia. HERA''s obligations, authorities and responsibilities are based on the Act on the Regulation of Energy Activities, the Energy Act and other acts regulating specific energy activities.
The Croatian Energy Regulatory Agency (HERA) has been founded according to the Act on the Regulation of Energy Activities (Official Gazette, No. 177/04 and 76/07) and has continued to operate according to the Act on the Regulation of Energy Activities (Official Gazette, No. 120/12, 68/18).
The Croatian Energy Regulatory Agency (HERA) has been founded according to the Act on the Regulation of EnergyActivities (Official Gazette, No. 177/04 and 76/07) and has continued to operate according to the Act on the Regulationof Energy Activities (Official Gazette, No. 120/12, 68/18).
The Act on the Regulation of Energy Activities provides the legal framework according to which HERA is an autonomous,independent and non-profit legal person with public authority to regulate energy activities.
The founder of HERA is the Republic of Croatia and the founding rights are exercised by the Government of the Republicof Croatia. With regards to its work, HERA reports to the Croatian Parliament.
HERA is governed by the Board of Commissioners ("Upravno vijeće") of the Agency, which has five members of whom one ispresident and one is deputy president. The president and members of the Board of Commissioners are elected by theCroatian Parliament for a term of seven years, with a possibility of re-election for one additional term.
HERA''s activities, powers and responsibilities are laid down in the Act on the Regulation of Energy Activities (OfficialGazette, No. 120/12), the Energy Act (Official Gazette, No. 120/12, 14/14, 102/15), HERA''s Statute and other legal actsgoverning the performing of specific energy activities.
The electricity market in Croatia is dynamic and multifaceted, comprising various stakeholders who play crucial roles in ensuring the reliable supply and distribution of electrical energy. Understanding the key participants and the regulatory framework governing this market is essential for businesses looking to operate within it. In this article, we provide an overview of the market''s key players and the regulatory requirements for market entry.
Suppliers are responsible for purchasing a share of electricity from producers within the regulated system to support renewable energy production. They must also provide energy to end consumers, ensuring their energy needs are met.
Regulations mandate that suppliers offer consumers the option to choose their electricity supplier, enabling customers to negotiate prices and terms. Suppliers also participate in cross-border electricity trading.
Market Organization: The Croatian Electricity Market Operator (HROTE) organizes the electricity market. HROTE manages the market and ensures the balance between electricity production and consumption.
Transmission: The Croatian Transmission System Operator (HOPS) is responsible for electricity transmission, system maintenance, development, and the operation of the electricity system. They manage the electricity network''s security and ensure compliance with the European Network of Transmission System Operators for Electricity (ENTSO-E).
Distribution: The distribution of electrical energy and the maintenance, development, and construction of the distribution system are the responsibilities of HEP-Operator distribucijskog sustava.
Croatia offers numerous opportunities for accessing EU funds in the energy sector. These funds can support renewable energy projects, energy efficiency initiatives, and various environmental programs. We can introduce you to firms that specialize in this sector to explore these opportunities.
In conclusion, the Croatian electricity market is characterized by its diverse participants and a comprehensive regulatory framework. Businesses looking to enter this market should comply with all necessary regulations and consider the benefits of EU funds available for energy-related projects.
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