Electricity

Electricity prices for firms in Serbia to be lower from May 1 – EPS CEO

Electricity prices for firms in Serbia to be lower from May 1 EPS dusan zivkovic

Photo: EPS

Published

March 18, 2024

Country

Comments

comments icon

0

Share

Published:

March 18, 2024

Country:

Comments:

comments icon

0

Share

Firms in Serbia can expect lower electricity prices from May 1, said Dušan Živković, acting director of state-owned power utility Elektroprivreda Srbije.

EPS, and the Ministry of Mining and Energy are preparing a new methodology for the calculation of the electricity price for corporate customers from May 1, according to the interview that Politika daily published with Dušan Živković.

The aim is for the price to follow market levels, in his words.

He expressed confidence that the price for businesses is going down and added that prices for households wouldn’t change for the time being.

Of note, in November 2021 the Government of Serbia capped electricity prices EPS’s customers. The current maximum allowed level is EUR 120 per MWh. The decree expires on April 30.

Živković: The new methodology will prevent drastic spreads against market prices both when they drop and when they surge

Balkan Green Energy News recently published a feature article on the prospects for electricity prices for companies from May 1. Dušan Stanar wrote that EPS may lower them as market prices are much under EUR 120 per MWh. For example, over the last 30 days the price on SEEPEX varied between EUR 60 per MWh and EUR 80 per MWh.

Dušan Živković now says the new price methodology for business customers would provide flexibility because drastic spreads against market prices would be prevented both when they drop and when they surge.

According to EPS’s acting director, a different kind of market instability set in after 2022, lowering prices and bringing large fluctuations on a weekly and even daily basis. So power currently costs even less than EUR 70 per MWh at night sometimes, while in the evening it reaches up to EUR 110 per MWh.

It is EUR 160 per MWh to EUR 200 per MWh less than in 2022 on the Serbian SEEPEX exchange, Živković stressed.

The methodology under development is aimed at achieving price stability and opening up the space to align with market fluctuations in both directions, in his view. It would make both EPS and firms safer, and allow businesses to plan their expenses and use savings from electricity prices for investments, Živković underscored.

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

Turkish geothermal power plant operator drill for geothermal lithium

Turkish renewables firm to drill for geothermal lithium

26 July 2025 - Margün Energy intends to search for lithium in geothermal water in western Turkey, where it took over a 12 MW geothermal power plant

eu smart meters acer list slovenia croatia

Slovenia tops EU list for most smart power meters, Croatia among laggards

25 July 2025 - At the top of the list of European Union member states with the highest number of smart meters are the Scandinavian countries and Italy

serbia wind farm plandiste nis met dubravka djedovic

Government of Serbia interested in taking over Plandište wind project

25 July 2025 - Plandište is one of the projects that obtained feed-in tariffs under the first quota of 500 MW for wind power plants in Serbia

Project 81 MW solar park on coal mine in Montenegro

Project underway for 81 MW solar park on coal mine in Montenegro

24 July 2025 - The Government of Montenegro gave a provisional green light for a solar power plant of 81.1 MW in peak capacity on coal land in Pljevlja