"Electricity price to go up 60% by 2013"

The price of electricity in Serbia should increase by 60 percent by 2013, since that is a precondition for the opening up of the market.

Izvor: Blic

Monday, 22.11.2010.

12:43

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The price of electricity in Serbia should increase by 60 percent by 2013, since that is a precondition for the opening up of the market. This is according to Dragomir Markovic, the director general of Elektroprivreda Srbije (EPS), Serbia's state owned power company. "Electricity price to go up 60% by 2013" He told the Belgrade-based daily Blic that the average price of one kilowatt-hour of electricity in the region is 60 percent higher than in Serbia, adding that unless we introduce an economic price of electric power, this may turn into a major obstacle on the country's EU path. Markovic said that it is wrong to preserve social peace by means of a low electricity price, and recalled that at the moment only 35,000 Serbian households are on social welfare and pay lowered electricity bills although the number of poor people is much greater. "Provided the economic price of electricity is introduced, the number of people who pay lowered electricity bills could increase by ten percents," the EPS director general said, adding that the figure could reach 350,000 households or one million people. According to him, EPS expects investments of about EUR 9bn, which will come from the EPS funds, loans and strategic partners. An EMS grid control room (Tanjug)

"Electricity price to go up 60% by 2013"

He told the Belgrade-based daily Blic that the average price of one kilowatt-hour of electricity in the region is 60 percent higher than in Serbia, adding that unless we introduce an economic price of electric power, this may turn into a major obstacle on the country's EU path.

Marković said that it is wrong to preserve social peace by means of a low electricity price, and recalled that at the moment only 35,000 Serbian households are on social welfare and pay lowered electricity bills although the number of poor people is much greater.

"Provided the economic price of electricity is introduced, the number of people who pay lowered electricity bills could increase by ten percents," the EPS director general said, adding that the figure could reach 350,000 households or one million people.

According to him, EPS expects investments of about EUR 9bn, which will come from the EPS funds, loans and strategic partners.

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