Comparative analysis of the markets of electric energy

During the 2005/2006 the reforms in the energy sector have been started , and their implementation was especially intensified by the entry into force of the Energy Community of South East Europe.. According to these rules the member states should harmonize their legislation in the energy field with European Union regulations. This was initiating moment for the reforms in the internal energy market of the Republic of Macedonia that allow competition in the area that was previously regulated by the state. The most important element in the establishing the energy free market is the Energy Law which was passed in 2006. This Law distinguish the production of electricity from distribution and supply. Macedonia thus began a process of formation of market power which in its ultimate goal to allow competition in the electricity supply which is of considerable interest for modern economies that rely on reliable and economical power supply. In this paper an analysis of the electricity markets in Australia and the Republic. Macedonia have been made. Thus it have been indentified electricity market participants, their responsibilities and the rules applicable to trading in wholesale electricity. Functioning of the electricity market is explained by pricing rules of the electricity market in Australia. Compared given analysis of the electricity market in Macedonia, its main participants and the types of trade agreements concluded through which its operation and power supply both households and large industrial facilities