Energy Crisis

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

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


September 21, 2022



comments icon




September 21, 2022



comments icon



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

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

Energy permit not needed for power plants under 1 MW in BiH

15 July 2024 - The Ministry of Energy, Mining and Industry has adopted the rulebook on issuing energy permits and it entered into force on July 6

koncar croatia siemens energy

Končar, Siemens Energy launch new joint venture

15 July 2024 - Croatia’s firm Končar and Siemens Energy have signed a joint venture agreement on the establishment of the Končar - Transformer Tanks

heatwave power exchange prices see europe serbia

What is behind electricity price spike in SEE: grid issues, and something more

13 July 2024 - Record high temperatures aren't the main cause of the record price increase on power exchanges, ranging from 50% to 170%