Electricity price increase of 10.9% approved

The Energy Agency of the Republic of Serbia has approved the request of the Electric Power Industry of Serbia (EPS) for a price increase.

Source: Tanjug

The price of electricity for households will go up by 10.9 percent, Tanjug learned from the agency.

Considering that EPS must notify its consumers 15 days prior to the price increase, the price is expected to go up on August 1.

After that, households will have to pay around six euro cents per one kilowatt-hour of electricity.

Even after the price hike, electricity in Serbia "will still be the cheapest in Europe," said Tanjug.

The price of electric power in Serbia last went up on April 11, 2011, by 15 percent on average.

Electricity in Bosnia-Herzegovina costs 6.83 euro cents, in Montenegro 7.78, Albania 9.68, and Germany 14.4, while in Austria it is charged 14.33 euro cents, noted Tanjug.

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