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Regulator approves electric power price hike

Published

June 30, 2015

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Published:

June 30, 2015

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The Energy Agency Council agreed to a price increase for electricity for Serbian households and small-scale customers that buy power at regulated costs, state-owned news agency Tanjug said. The tariffs from August 1 will be 4.4% higher on average, while the mean price increase for all buyers entitled to a regulated price will be 4.5%, not including the excise duty, the institution said, according to a report on portal Mondo.rs.

The National Assembly of Serbia adopted the excise act in June, including an electricity levy of 7.5%, so the overall price increase for households is 12% plus value-added tax. Energy minister Aleksandar Antić told Fonet news agency the Government of Serbia tends for electric power to reach market prices in no less than five years.

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