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How much did electricity really go up in 14 months?

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While the authorities claim that despite frequent increases in the price of electricity for households in Serbia, its price is still among the lowest in Europe, consumers in our country are faced with the fact that since September of last year, if you include the correction that will occur on November 1st , electricity went up three times by as much as 24 percent. And that’s not the end because, according to the agreement between the Government of Serbia and the International Monetary Fund, in May of next year there will be a new increase in the price of electricity by eight percent.

As a reminder, from the first day of next month, the price of a kilowatt hour for individual consumers in Serbia will cost EUR 0.09, and if VAT is included, that amount will be EUR 0.12.

After the price of electricity for households in Serbia was corrected in September of last year, for an average consumption of 450 kilowatts, citizens had to pay a bill of about EUR 31.55.

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For a country where the median salary is only EUR 562 and the average pension is lower than the amount of the minimum consumer basket, an additional EUUR 7.7 per month, compared to the period before September 2022, represents a severe blow to the household budget of households that generate income in that amount.

Households that are forced to use electricity to heat their apartments and houses during the winter season will suffer the biggest blow to the household budget.

During this year, electricity consumers in our country have already faced two price increases. The first occurred on January 1st, when the price of electricity for households increased by eight percent. The price increase also occurred on May 1st, when the price of electricity for individual consumers also increased by eight percent.

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