Higher electricity price as of September

At the request of the Serbian power company (EPS) Belgrade, the Energy Agency Council gave its consent Thursday to the decision on the price of electricity for guaranteed supply.

The average price of electricity for customers entitled to guaranteed supply at regulated prices (households and small customers) is determined on the basis of the maximum approved income and estimated quantities of electricity for sale to customers entitled to guaranteed supply, said the Energy Agency.

As of September 1, the price of electricity for households and small customers will amount to 8.144 Dinar/kWh, which is a 6.5 percent increase compared to the current average price.

When an excise tax of 7.5 percent and 20 percent VAT are calculated on top of the basic electricity price increase of 6.5 per cent, electricity bills will go up by approximately 8.3 per cent, economics expert Mihailo Gajic said.

The announced electricity price hike is not a result of unfavourable international circumstances, like the war in Ukraine or the economic crisis, but solely the result of the poor management and devastation of the Serbian power company (EPS), FEFA faculty professor, Goran Radosavljevic, warns.

(Nova Ekonomija, 28.07.2022)




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