How much does electricity cost in Serbia?

Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. In September 2024, the average wholesale electricity price in Serbia decreased to 107 euros per megawatt-hour from 127 euros per megawatt-hour the previous month.

Does Serbia subsidize coal & electricity prices?

Serbia heavily subsidizes coal and electricity prices, inhibiting competition. Recently, the Serbian government and EPS have announced ambitious plans to transition to green energy solutions and reduce Serbia’s dependence on Russian natural gas.

Why are electricity prices so high in winter in Serbia?

If, on the other hand, the production of electricity is small and demand is high, prices will increase. Therefore, the price of electricity is often highest in winter, as the need for electricity for heating is highest. Electricity spot prices in Serbia today, hour by hour. Including prices for the last 30 days.

Why does Serbia export more electricity than import?

Serbia’s electricity transmission network is integral to the regional energy market. Cross-border electricity exchanges are essential for energy security, stabilizing prices, and managing demand fluctuations. In 2023, Serbia exported more electricity than it imported, reflecting a 24% reduction in imports.

What percentage of Serbia's electricity comes from coal?

Serbia’s national power utility Electric Power of Serbia (EPS) produces nearly 70 percent of the country’s electricity from coal and nearly 27% percent from hydropower, with approximately 4% coming from private developers in wind and solar energy. Serbia heavily subsidizes coal and electricity prices, inhibiting competition.

Why is electricity distribution important in Serbia?

This shift is crucial for reducing coal reliance and meeting climate goals. Electricity transmission and distribution in Serbia are managed by state-owned companies such as the Electric Power Industry of Serbia (EPS) and the Electric Power Transmission System Operator (EMS).