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The price will never return to the one from this summer

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Geopolitical turmoil between the West and Russia, as well as low temperatures, have once again stirred up the world, and especially the European, energy market. Electricity is also increasingly in demand, and compared to the summer, it is four times more expensive, the director of the Serbian electricity exchange SEPEKS, Miloš Mladenović, told RTS.

The price of electricity at SEPEKS is around 240 euros per megawatt hour, similar to the surrounding stock exchanges, said Miloš Mladenović as a guest in the RTS daily.

“The cheapest price of electricity at the moment is in Poland, which also has the largest coal reserves. In Western Europe, the price depends largely on meteorological conditions, ie how much electricity they can produce from wind. On a monthly basis, Germany had the best price, where is the price of a megawatt hour lower by some 20 euros compared to our region”, explains Mladenović.

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The price of electricity at the beginning of the summer was around 60-65 euros, and today it is four times more expensive. In November and October, it was five times higher.

“I think that the price will never return to 60 euros per megawatt hour. One of the factors is the EU’s commitment to the green agenda. There is also the price of gas, which also has a tendency to increase in the coming period”, Mladenovic said.

Before this energy crisis, green megawatts were the most sought after on our market as well, in the EU, the origin of electricity is strictly monitored, ie whether it is obtained from coal or from renewable sources.

“The EU is looking at whether it is the so-called ‘green electricity’, and the EU is also introducing carbon dispensers on the basis of which the ‘origin’ of electricity will be checked”, says Mladenović.

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To help the economy overcome the crisis period, the Serbian government has limited electricity prices on the free market until June. Businessmen are looking for suppliers, but for now they are not buying it directly on the stock exchange.

“Businessmen can buy electricity directly on the stock exchange, but that is currently not the case due to the more demanding procedure and everyone is supplied by EPS”, the director of the Serbian electricity exchange SEPEKS told RTS.


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