Electricity price increased by 3.8 % – Serbia, 1 October 2016

The price of electricity for households in Serbia has been increased by 3.8 % as of 1 October, in accordance with the previous announcement of the Ministry of Mining and Energy.
In early September, Minister of Mining and Energy Aleksandar Antic explained that the price hike was the lowest possible and it was a result of negotiations with international monetary institutions, adding that it is twice lower than the latest demand by the International Monetary Fund (IMF) according to which electricity prices were supposed to be increased by 7.7 %. According to him, this is the lowest electricity price hike in the past 15 years and it its impact on households’ bills will be minimal, namely about one euro per month on average.

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