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

Renera-kicks-off-50-MW-floating-solar-power-project-Romania

Renera kicks off 50 MW floating solar power project in Romania

24 April 2024 - Renera Energy is developing a 50 MW floating photovoltaic project in Romania. It would now probably be the biggest in Europe.

Renewables-Greece-get-shortcut-grid-connection-PPAs

Renewables in Greece get shortcut to grid connection with PPAs

23 April 2024 - Renewables projects in Greece with PPAs with energy-intensive industrial consumers get priority in the transmission grid connection queue

Brite Solar agrisolar panel plant Greece 2024

Brite Solar to complete agrisolar panel plant in Greece by end-2024

23 April 2024 - Greek startup Brite Solar is building a production line in Patras for transparent solar panels for agrivoltaic production

green wolt scotland floating wind farm

Green Volt, world’s largest floating wind project, obtains planning approval

23 April 2024 - The project has now received all its planning approvals and remains on track to be the first commercial-scale offshore wind farm in Europe