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Serbia, Are electricity prices rising again for businessmen? - Serbia Business

Serbia, Are electricity prices rising again for businessmen?

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The price of electricity for the economy in Serbia from January 1 will be 103 euros per megawatt-hour (MWh). That is an increase of about eight percent compared to the current price of 95 euros.

The average price for the economy in the middle and end of last year, before the start of the energy crisis, was from 50 to 70 euros per megawatt-hour.

In a year, it was increased to 100 percent.

The latest price increase in January, as reported by Danas, will be eight percent and will be.

That newspaper states that the companies received supply contracts for the next year sent to them by Elektroprivreda Srbije (EPS).

Last month, Dubravka Đedović, the Minister of Mining and Energy, announced a ten percent increase in the price of electricity.

At that time, she did not mention the economy, but only households, but it was clear that new prices for companies were also being prepared.

However, the doubling of the price was gradual. First, it was frozen at the end of October last year, then it was fixed at 75 euros from January to June this year, and then on September 1, it was increased to 95 euros.

In that period, the price on domestic stock exchanges was higher than 500 euros, and on foreign markets it exceeded 600 euros.

As it is reminded, the rise in prices in Serbia is not the end here.

As part of the arrangement with the International Monetary Fund (IMF), the Government of Serbia undertook to raise the price of electricity three more times from May 2023 to May 2024, a total of about 26 percent, and natural gas about 30 percent.

By the way, these days you could hear that the price of electricity for the economy in Slovenia next year will be around 200 euros, and in Republika Srpska around 65 euros, Nova Ekonomija reports.