Serbia current solar panel prices

How much does electricity cost in Serbia?

In April 2024, the average wholesale electricity price in Serbia stood at over 64.6 euros per megawatt-hour, down from approximately 107 euros per megawatt-hour one year prior. Electricity prices skyrocketed over the past few years, the consequence of an energy supply shortage which severely impacted Europe.

How much solar power does Serbia have in 2021?

By the end of 2021, Serbia had 398 MW of wind power installed but only 12 MW of solar. In 2021 a new Law on Renewable Energy was approved, which moves Serbia to a market-based support scheme and should speed up solar installation in particular.

Who are the 'prosumers' of solar energy in Serbia?

Her four-person household is one of the first "prosumers" of solar photovoltaic (PV) energy in the country. Prosumers are households that produce and consume electricity from their own solar plants, even if these plants are made up of just a few panels. In Serbia, home-generated energy in excess of a household's needs is sent to the grid.

How many people can afford to invest in solar power in Serbia?

In Serbia, however, says energy efficiency expert Slobodan Jerotic, the question is really how many households can afford to invest €5,000–6,000 in solar power systems. "We are talking at best about 10,000 families, and that would be around 30 megawatts in total, which is not a huge amount," he says.

What is the electricity market like in Serbia?

The electricity market in Serbia is dominated by the state-owned power utility EPS (Elektroprivreda Srbije – Power Industry of Serbia), which owns all large generation capacities and supplies most consumers. Serbia’s coal reserves are mainly located in two main coal basins, Kolubara and Kostolac.

Does Serbia have a prosumer model?

In Serbia, the prosumer model only became feasible for private households this year. And with changes to the Use of Renewable Energy Sources Law, the state finally created a system that was ostensibly designed to motivate citizens to try their luck with solar power. But the system was flawed.