EPS reports net profit of EUR 28.8 million, distribution subsidiary EUR 20.3 million in 2017

Photo: EPS


July 23, 2018






July 23, 2018





Public power utility Elektroprivreda Srbije (EPS) made a net profit of around RSD 3.4 billion (about EUR 28.8 million) in 2017, according to the unconsolidated audited financial report posted on the company’s website.

In 2017, EPS bought RSD 11.4 billion (some EUR 96.6 million) worth of electricity on the domestic market, about RSD 5.9 billion (around EUR 50 million) of which from licensed electricity traders, slightly over RSD 5 billion (approximately EUR 42.4 million) from renewable energy producers covered by feed-in tariffs, and nearly RSD 518 million (EUR 4.4 million) on the South East European Power Exchange (SEEPEX).

Within the EPS group, RSD 219.9 million (some EUR 1.86 million) was spent on buying electricity from EPS Trgovanje, the Serbian company’s electricity trader registered in Ljubljana, Slovenia.

EPS spent RSD 280.4 million (about EUR 2.4 million) on electricity purchased abroad, from Elektroprivreda Republike Srpske (ERS), the power utility of Bosnian Serb entity Republika Srpska, according to the financial statement.

EPS also published the unconsolidated audited financial report of its subsidiary EPS Distribucija, the distribution system operator, showing a net profit of RSD 2.4 billion (about EUR 20.3 million) in 2017.

The two financial reports were audited by PricewaterhouseCoopers (PwC).

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

miroslav tomasevic eps

Tomašević: I have fulfilled my task in EPS

30 March 2023 - Power company Elektroprivreda Srbije (EPS) has earned EUR 49 million from electricity exports since the beginning of the year

Romanian journalists uncover giant hybrid power plant project Serbian border

Romanian journalists uncover giant hybrid power plant project on Serbian border

30 March 2023 - A dormant wind, solar and pumped hydropower project valued at EUR 1.9 billion has been unearthed in a Romanian media report

us renewables texas coal nuclear eia

Renewables outpace coal for first time in US power production

30 March 2023 - The US power sector produced 4,090 TWh last year, and the share of renewables was 21%, the Energy Information Administration said.

Djedovic Dedovic Serbia promote energy storage renewables law

Đedović: Serbia to promote energy storage with changes to renewables law

30 March 2023 - To avoid a delay in connecting their renewable power plant, investors will need to add batteries, according to the renewables bill