The Energy Regulatory Agency was established on January 22, 2004 according to the Energy Law as autonomous, non-profit organization, functionally independent from the state authorities and energy undertakings, that carries out its public authorizations in the energy sector.
The bodies of the Agency are: the Board consisting of three members nominated by the Parliament of Montenegro to the term of five years with a possibility of one reappointment, and the director nominated by the Board after obtaining the opinion of the Government of Montenegro.
The Law provides for the position of the deputy director nominated by the Board after obtaining the opinion of the Government of Montenegro.
The Board of the Agency has advisors and secretary.
The Agency’s operation is carried out through the following professional divisions:
- Energy-technical regulation division,
- Economic regulation division,
- Legal regulation division,
- Administrative affairs division.