Electricity

Serbia to protect vulnerable households from jump in energy prices

Serbia protect vulnerable households jump energy prices

Photo: Ministry of Mining and Energy

Published

May 10, 2022

Country

Comments

comments icon

0

Share

Published:

May 10, 2022

Country:

Comments:

comments icon

0

Share

Serbia will adopt another Decree on Energy Vulnerable Customer to help 200,000 households to pay electricity bills, 1,500 will be entitled to subsidies for gas and 50,000 dwellings will be able to get aid for heat costs, Minister of Mining and Energy Zorana Mihajlović revealed.

There is no more cheap energy – prices of all other energy commodities have gone up in the past one and a half years, so it is logical in an economic and financial sense for electricity to become more expensive, too, Deputy Prime Minister and Minister of Mining and Energy of Serbia Zorana Mihajlović said. “If we want to prepare for the winter, we really must do it as soon as possible, as the times are very challenging, very difficult. The crisis won’t stop. Energy is and will be a matter of every country’s security,” she asserted at Confindustria’s conference entitled ‘Energy in the Balkans: Transition to Renewable Energy Sources and Improvement of Energy Networks’ in Belgrade.

The Ministry of Mining and Energy has prepared the Decree on Energy Vulnerable Customer. Mihajlović said the earlier ordinances of the kind covered 70,000 households with aid for electricity costs. The new measure will enable help for 200,000 households to pay electricity bills, 1,500 will be entitled to subsidies for gas and 50.000 will be able to get aid for heat costs, she estimated.

EPS management was disastrous

The way that Serbia’s state-owned coal and power utility Elektroprivreda Srbije (EPS) was run was “disastrous,” Mihajlović stressed and added it is the most important enterprise in Serbia and that it must overcome the crisis “on its feet instead of on its knees.” The energy sector, security and stability begin and end with EPS, she said.

EPS must overcome the crisis on its feet instead of on its knees, vice premier Zorana Mihajlović underscored

Serbia should establish partnerships with entities that are experienced in the area of renewable energy sources, which have the unique ability to contribute to security in the electric power sector, the vice premier pointed out. “There is actually no time to wait when it comes to energy security. We may have even been late in some segments,” Mihajlović stated.

Renewables, gas interconnections are priority

Photovoltaic systems, wind parks and biogas power plants account for only 3.7% in the energy mix, she underscored. Together with renewables, the priority is to install gas interconnections with Romania, Bosnia and Herzegovina and North Macedonia, while the construction of a new gas storage facility will start next year and it is necessary as well to book capacity in other storage systems and interconnections, Zorana Mihajlović revealed.

In case of unpredictable events and risks to energy security, the government is prepared for talks about the change in ownership over Serbia’s oil and gas producer and refiner NIS, she said.

The deputy prime minister told Beta agency in an earlier interview that she proposed to establish a ministry that would be responsible only for the green transition and energy sustainability. Mihajlović said that EPS paid EUR 507.7 million for 2.23 TWh in electricity that it imported between December 12 and April 20.

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

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas

EU outlines measures for 90 emissions cut by 2040

EU outlines measures for 90% emissions cut by 2040

02 July 2025 - A proposed amendment to the European Climate Law sets a 2040 target of a 90% reduction in net greenhouse gas emissions

Solaris Holding large hybrid renewable energy park Bulgaria

Solaris Holding launches production at large hybrid renewable energy park in Bulgaria

02 July 2025 - The new Selanovtsi solar farm of 59.8 MW in peak capacity near Vratsa was installed alongside a battery energy storage system of 107.3 MWh in capacity

marta kos growth plan western balkans skopje

Clean energy, grid upgrade projects in Western Balkans to be backed under EU’s Growth Plan

02 July 2025 - The European Commission has proposed the first support package, worth EUR 87.7 million, under the Growth Plan for the Western Balkans.