How much does electricity cost in Serbia?

The average price of electricity in Serbia, in June of 2024, has been 0.1082€ per kilowatt hour. Electricity price has increased € 0.0036 kWh, 3.44% since the previous semester. Meanwhile, the average price of electricity without taxes in Serbia in that period was € 0.0783 per kilowatt hour, compared to € 0.0755 kWh in the previous semester.

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.

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 is price regulation important in Serbia's Electricity Market?

Price regulation remains essential in Serbia’s electricity market. The AERS 2023 report explains how the government manages electricity prices to protect households and small businesses. While residential consumers benefit from regulated prices, industrial consumers face market-based pricing.

What is Serbia's Electricity sector?

In this blog, we’ll explore these areas and discuss Serbia’s electricity sector and its future. Serbia generates electricity through a mix of fossil fuels, hydropower, and renewable energy.

How does Serbia generate electricity?

Serbia generates electricity through a mix of fossil fuels, hydropower, and renewable energy. The AERS 2023 report states that Serbia produced 37.68 TWh of electricity in 2023, ensuring a steady supply despite challenges with energy efficiency and growing demand.