Electricity

ERS to suffer net loss in 2022 – energy minister

petar djokic minister repubic of srpska ers loss electricity energy crisis

Photo: Petar Đokić/Facebook

Published

November 8, 2022

Comments

0

Share

Published:

November 8, 2022

Comments:

0

Share

Due to the energy crisis, drought and the poor performance of the Ugljevik thermal power plant, power utility Elektroprivreda Republike Srpske will post a loss in its results for 2022. One of the consequences for the utility, which is among the few exporters of electricity in the region of the Western Balkans, will be an increase in electricity tariffs for businesses.

Petar Đokić, the Minister of Energy and Mining of the Republic of Srpska, said low levels of water at hydropower plants and the need to import electricity are the main reasons why Elektroprivreda Republike Srpske (ERS) would post a negative result for 2022.

Electricity prices for firms will be increased, while households will be encouraged to save energy, Đokić told Bloomberg Adria.

ERS has imported electricity for as much as EUR 500 per MWh

He said that this year ERS spent more than EUR 35 million on power imports, attributing the unfavorable situation mostly to malfunctions at thermal power plant Ugljevik. It suffered 24 outages so far this year.

Disruptions in the operation of TPP Ugljevik have forces ERS to purchase electricity abroad, and in some cases it had to pay EUR 500 per megawatt-hour (MWh). At the same time, it sold power to consumers at prices that are several dozen times lower, Đokić said.

In normal conditions, ERS can produce 35% more energy than what its domestic consumers need

According to Đokić, when water levels are regular and thermal power plants work smoothly, ERS can produce about 35% more electricity than what it needs to cover domestic consumption, but this year is different. He added that 2022 is the second dry year in a row.

Đokić acknowledged an increase in the price of electricity for businesses is inevitable and revealed that talks would be held with the representatives of the corporate sector on the details of the planned hike.

Đokić also said a consultant would be selected within a month for the restructuring of ERS.

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

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid

Greece joins European Single Intraday Coupling sidc

Greece joins European Single Intraday Coupling

01 December 2022 - Intraday markets of 25 European countries are now united and the integration has been completed.