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.

How has the price of electricity changed in Serbia?

The price of electricity excluding taxes increased by 3.71%. In the last twelve months the price of electricity in Serbia has increased by 14.14%. In Serbia, the price of electricity reached its maximum price, € 0.1082kWh, in June of 2024. Its minimum price was €0.0564 kWh, corresponding to June of 2013.

What is the energy sector like in Serbia?

Serbia's energy sector predominantly relies on fossil fuels, with coal playing a central role in electricity generation. The country's abundant lignite reserves are a significant contributor to its energy mix, powering major thermal power plants.

Why is hydroelectric power important in Serbia?

Hydroelectric power also constitutes a vital part of Serbia's energy portfolio. The Danube and other rivers offer substantial potential for hydroelectric generation, making it a key renewable energy source within the country's electricity mix.

Does Serbia have a diversified energy source?

While coal dominates, efforts are underway to diversify Serbia's energy sources, particularly towards increasing the share of renewable energies like hydro, wind, and solar power, in response to environmental concerns and global energy trends.

What determines the price of electricity in Europe?

Supply and demand determine the price of electricity in Europe. If there is a high production of electricity from power plants and demand is low, the price will fall. If, on the other hand, the production of electricity is small and demand is high, prices will increase.