Montenegro’s energy company Elektroprivreda Crne Gore (EPCG) said customers owed it 171.9 million euros for electricity at the end of September, up 1,379,043 euros, or 0.81%, from 30 September 2025. The increase puts outstanding customer debt slightly above its level a year earlier.
Household customers accounted for 108,511,169 euros of the debt, while legal entities owed 63,396,942 euros. EPCG attributed most of the increase to record-high bills during the winter and summer seasons, which were about 20% above usual levels and made collecting receivables more challenging.
The company reported that collection, including payment of current bills and overdue obligations, remained stable at around 100%. At 30 September, EPCG had 465,153 consumers: 417,178 households and 47,975 in the other-consumption category.
That customer base was 8,340 larger than at 31 December 2025. EPCG described the increase as a continuation of growth in the number of electricity users. The company said it expected the positive collection trend to continue through the end of the year.
Regarding the planned application of the “Euro model”, EPCG said it was monitoring market developments, particularly changes affecting employees’ status and position. Based on preliminary analyses, the company said it had the capacity to respond without negative consequences for business stability. It identified company stability and employee satisfaction as key priorities, and said better working conditions and employee status could support motivation, productivity and professional development, as well as the company’s further development.
Any change to active electricity prices from 1 January remains subject to further analysis and alignment with relevant institutions and stakeholders, EPCG said. The work is to cover all factors that could affect price formation; once it is complete, the company expects to have a clearer picture of possible changes in the coming period. Consumers would be informed in a timely and transparent manner under applicable procedures if prices change.
EPCG’s Main Financial Directorate was still preparing the company’s report for the first nine months. The company said it would inform the public in due course about the report’s findings.
