Electricity prices for businesses in Serbia frozen for another month

The Government of Serbia has decided to keep electricity prices for companies unchanged until the end of December.

The Serbian government has extended its decision from the end of October, when it ordered state-owned power utility Elektroprivreda Srbije (EPS) to cap electricity prices through November. Of note, the decisions have protected companies from the price hike of up to 135 percent, all due to the energy crisis.

The Serbian government adopted two decisions

The Government of Serbia has adopted two decisions on prices: on mutual rights and obligations between EPS and electricity consumers on the commercial market, and on the price of electricity for last resort supply after December 1.

The decisions to cap prices were necessary because the electricity market was liberalized for all customers except households.

The first decision refers to all business customers whose power purchase agreement with EPS expires on November 30. All agreements will be extended by one month, until December 30.

It also refers to the power purchase agreements that take effect on November 1. They are delayed until January 1, 2022.

The price of last resort supply is set at EUR 66.72 per MWh

The second decree determines the price of electricity for companies with last resort supply agreements.

The price of last report supply has been set to enable businesses to continue activities, according to the government.

The measure will remain in force until the prices on the benchmark power exchange are stabilized. The price is set at EUR 66.72 per MWh.