Companies in Serbia can breathe a sigh of relief until the end of August, as the government has recommended that the state-owned electricity provider Electric Power Industry of Serbia (EPS) do not raise the current electricity price of 75 euros per megawatt-hour (MWh) used in commercial activities and 97.50 euros for electricity supplies from state reserves, until August 31 this year.
The prices had been formed at the end of December last year, after multiple increases on global exchanges, and were not supposed to change until late June this year. However, the government has recommended extending the deadline to August 31. If the price does go up in August, it will probably be an increase of more than 50 percent.
Energy expert Zeljko Markovic told the Beta news agency that the recommendation to keep the same prices was accepted by EPS, which means that electricity will not become more expensive but there will be no money for new investments in the same company.
“EPS is now almost the only supplier of electricity to companies and citizens in Serbia because, due to the energy crisis, the others are unable to sell at a lower price and therefore have temporarily suspended operations, so the company will supply energy to practically all consumers until further notice,” Markovic added.
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