Electricity

Electricity prices for businesses in Serbia frozen for another month

Electricity prices for businesses in Serbia frozen for another month

Photo: iStock

Published

November 30, 2021

Country

Comments

comments icon

0

Share

Published:

November 30, 2021

Country:

Comments:

comments icon

0

Share

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.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

serbia nuclear energy memorandum government institutes faculties vucevic djedovic

Serbian government forges nuclear energy alliance with 20 scientific institutions, firms

10 July 2024 - The memorandum is aimed at gathering experts from Serbia and abroad to examine the possibility of the use of nuclear energy

Albania declares eight winners at 300 MW solar power auction

Albania declares eight winners at 300 MW solar power auction

10 July 2024 - The lowest bid at Albania's solar power auction came in at EUR 39.7 per MWh, against a starting level of EUR 59.97 per MWh

Heat pumps and electric cars expected to bring small rise in power demand for Greece

Heat pumps, electric cars expected to contribute little to power demand growth in Greece

10 July 2024 - In Greece, heat pumps and electric cars are not expected to raise electricity demand significantly, contrary to earlier estimates