The company's headquarters in Trebinje (photo: ERS)
Power utility Elektroprivreda Republike Srpske recorded a loss of BAM 56 million (EUR 28.6 million) in 2025.
Elektroprivreda Republike Srpske (ERS) CEO Luka Petrović said the company operated under extremely difficult circumstances last year, Srna reported. ERS had to buy electricity at prices higher than it charges to its consumers, he noted.
Petrović pointed out that due to operational problems, the holding suffered a loss of just over BAM 56 million last year.
The company sold electricity to households for EUR 40 per MWh and to businesses for EUR 75 per MWh, he added. Market prices ranged from EUR 120 per MWh to 240 per MWh, depending on the time it was purchased, Petrović explained.
The company took a loan due to numerous problems
He said that ERS’s operations were also burdened by reduced production in hydropower plants and two coal-fired power plants – Gacko and Ugljevik. A loan has been taken to finance the purchase of electricity for households and firms, he added.
Two months ago, Petar Đokić, Minister of Energy and Mining of the Republic of Srpska, said that the government was willing to issue guarantees for BAM 400 million (EUR 204.5 million) for coal power plants and the distribution grid.
The procedure for a loan for Elektrokrajina, a distribution system operator in the Republic of Srpska, one of the country’s two political entities, was launched a few days ago.
In September last year, Petrović said that ERS expected a loss of BAM 29 million (EUR 14.8 million) in 2025. ERS is one of the three state-owned power utilities in Bosnia and Herzegovina.
Power producers requested an increase in the price of generated electricity
ERS CEO noted that power producers within its holding have requested an increase in the price of generated electricity. These requests are being approached with caution to preserve stability of the entire energy system, he added.
The price of electricity for the Ugljevik thermal power plant was increased, but not for TPP Gacko, according to Petrović.
The hydropower plants both on the Drina river and on the Trebišnjica river requested price increases, but these requests were not accepted as it would have jeopardised the entire system, he added.
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