Price of electricity in Serbia to go up starting December 1

Energy Minister Aleksandar Antic told RTS that electricity will become more expensive starting in December, to be calculated in the bills arriving in January.

According to him, the price of electricity for the industry will not go up.

Recommended

Antic said there had been no corrections in electricity prices for more than two years.

"Last time it was significantly raised was in 2015, 2016 and 2017 saw minimal corrections, while in 2018 and 2019 there were no corrections. We had justified demands from energy companies, there is an increasing influx of renewable energy sources, there are costs of transmitting that energy, but there is also a significant increase in electricity prices on the world market," the minister of energy emphasized.

The price hike, he says, is well below the demands and costs of energy companies.

"Even with that price, we have the cheapest electricity in the region, Europe, Eastern Europe. Let me say that electricity in Serbia is 7.2 percent cheaper than in Macedonia, 18.9 percent than in Bosnia and Herzegovina, 24 percent than in Albania, 35.8 percent than in Bulgaria, 79.97 percent than in Croatia, 85 percent than in Romania, 125 percent than in Slovenia," said Antic.

When it comes to other energy products, the minister said that there are sufficient supplies and that prices would not go up.

Commenting on the possible stopping of gas supplies from Russia via Ukraine, Antic said that Serbia is mindful of its energy stability and has "a scenario for every situation."

(Telegraf Biznis/RTS)