Electricity

Soaring prices push up BiH electricity exports to all-time high

electricity-exports-bih

Foto: Pixabay/wilhei

Published

January 25, 2022

Comments

0

Share

Published:

January 25, 2022

Comments:

0

Share

The value of electricity exports from Bosnia and Herzegovina in 2021 jumped 66.9% against 2020, to about EUR 424 million, reaching an all-time high. The result is largely attributable to soaring prices on the international market caused by the ongoing energy crisis.

In 2020, BiH’s electricity exports were worth about EUR 255 million, compared with some EUR 295 million in 2019.

BiH’s power exports in 2020 were worth about EUR 255 million

In the first 11 months of 2021, the value of BiH’s electricity exports jumped 53.9% against the same period a year earlier, to about EUR 359 million.

At the end of last year, power prices reached critical levels across Europe, exceeding EUR 400 per MWh for France, Germany, Netherlands, Belgium, Switzerland, Austria, Slovenia, Croatia, Hungary, Italy and Slovakia.

The value of electricity imports in BiH in 2021 surged 127.1% against 2020

The value of electricity imports into BiH in 2021 also increased sharply against the previous year, by 127.1% to about EUR 112 million.

Apart from the soaring prices on the global market, internal factors also contributed to the jump in the value of power imports, including a breakdown at thermal power plant Kakanj and miners’ strike in November, which forced the country to buy more electricity, according to local media.

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

Construction of first large solar power plant in BiH kicks off

27 May 2022 - The facility will be located in the southern municipality of Grude, 20 kilometers from the Adriatic Sea and 50 kilometers from Mostar

Wind solar save Turkey amazing USD 7 billion 12 months

Wind, solar save Turkey amazing USD 7 billion in last 12 months

27 May 2022 - Wind and solar power plants saved Turkey USD 7 billion over the last 12 months as it would have had to compensate for the shortfall with gas imports

Romania EUR 1 4 billion European funds grid solar gas

Romania to invest EU funds of over EUR 1.4 billion in grid, solar power, gas plants

27 May 2022 - The EU allowed Romania to use its share of the Modernisation Fund for the makeover of coal plant owner CE Oltenia and the electricity grid

guarantees-of-origin-energy-community-registries

Guarantees of origin scheme ready to go live in Energy Community markets

26 May 2022 - All that is left to do is for the national issuing bodies to sign agreements with energy certificate registry provider Grexel, says Naida Taso