Business owners in Serbia are bracing for a rise in electricity prices, with new offers from Elektroprivreda Srbije (EPS) indicating an increase of 8 to 12 percent. The previous price of electricity for businesses was 94 euros per megawatt-hour, but EPS has now sent new contract proposals with higher rates.
The first offer proposes a price of 106.14 euros per megawatt-hour until the end of 2025, while the second contract offers a price of 101.9 euros per megawatt-hour until the end of 2026. This means businesses opting for the shorter contract will see an 8% price hike, while those choosing a longer contract will face a 12% increase.
Several businessmen, including Zoran Drakulić of “Point Group,” have expressed dissatisfaction with these new rates, pointing out that electricity prices in neighboring regions like Montenegro, Republika Srpska, and Croatia are significantly lower. Drakulić argues that such price increases could lead to factory closures if accepted.
EPS previously reduced electricity prices for businesses by about 20% in May 2023, but the current price hike has raised concerns. The company has not yet responded to inquiries regarding the reasons behind the rise.
In 2024, EPS also introduced new pricing methodologies for businesses, based on factors such as electricity consumption patterns, aiming to establish fairer prices that suit the needs of companies without jeopardizing their finances.
