Energy Crisis

Serbia won’t increase power prices for businesses – Prime Minister Brnabić

Serbia won’t increase power prices for businesses - Prime Minister brnabic

Published

September 21, 2022

Country

Comments

comments icon

0

Share

Published:

September 21, 2022

Country:

Comments:

comments icon

0

Share

Electricity prices for companies will not be increased, Prime Minister of Serbia Ana Brnabić said, reacting to rumors that the government would raise the price from EUR 95 to EUR 120 per megawatt-hour (MWh).

Prime Minister Ana Brnabić denied the price of electricity for businesses would be increased to EUR 120 per MWh. She noted that the current prices are EUR 70 per MWh for citizens and EUR 95 per MWh for firms and added they are the lowest in Europe.

The claim that the price of electricity would rise to EUR 120 per MWh was published to destabilize Serbia, she told Pink, the Government of Serbia said.

Brnabić said the price of electricity on the market varies from EUR 350 per MWh to more than EUR 600 per MWh, adding that the government is subsidizing them to make the economy more competitive.

The price of electricity for firms has been under the government’s control since November of last year

Of note, since November last year, the Government of Serbia has been controlling the price of electricity for businesses, which used to be formed in the free market. The government opted for the move because of the energy crisis and a severe, 200% price increase in the market, to EUR 150 per MWh.

The tariff was last increased in late August, from EUR 75 per MWh to EUR 95 per MWh or almost 27%. The decision is valid until the end of December, when the government is scheduled to update it.

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

bih republic of srpska hydropower plants bistrica tunnels petar djokic

Three hydropower plants on Bistrica river to be finished by end-2026

18 April 2025 - Chinese company AVIC is in charge of building the three hydropower plants on the Bistrica, with a total capacity of 39 MW

albania france kesh afd drin hydropower energy storage

Albania’s KESH, France’s AFD sign MoU on hydropower management, energy storage 

18 April 2025 - KESH and Agence Française de Développement have signed an MoU on the Drin cascade management and advanced energy storage planning

bih federation ephzhb court poklecani urban permit arhaus

Supreme Court of Federation of BiH annulls urban permit for Poklečani wind farm

17 April 2025 - The project is being developed by Elektroprivreda HZHB, one of the three state-owned power utilities in Bosnia and Herzegovina

Minister Admir Sahmanović formally assumes energy, mining portfolio in Montenegro

Minister Admir Šahmanović formally assumes energy, mining portfolio in Montenegro

17 April 2025 - Minister of Energy and Mining of Montenegro Admir Šahmanović was formally voted in as the two ministries that he ran were merged