Photo: Milovan MilenkovićCitizens of Serbia are, as they are used to, protected from developments on the electricity market. The regulated price at which they pay for electricity is among the lowest in Europe. And compared to last December, the price jumped by 322 percent
The average diagram for a household in Serbia is charged approx. EUR 71,5/MWh, with network fee, excluding VAT and excise duty. At current market prices, when modulation and cross-border capacities are included, that diagram is worth around EUR 270/MWh.
A country like Serbia does not have many choices or mechanisms to resist the developments in Europe. In an effort to absorb the shocks of the crisis, the Government of Serbia resorted to the only control mechanism at its disposal - price control through the Electric Power Company of Serbia. By order of the Government, EPS protected the entire economy, selling it energy for the first six months of this year at a price of EUR 75/MWh. At the time of the announcement of this measure, that product was traded on the stock exchanges for over EUR 300/MWh.
The electricity market is in turmoil. On the Hungarian Stock Exchange, which we take as a reference for our region, the average realized price on the spot market (day-ahead) for the basic "baseload" diagram in the period July-December 2021 was EUR 166.26/MWh. That is 274 percent more compared to the same period of the previous year.
Days in December were traded on average at EUR 245.81/MWh, which is as much as 322 percent above the average from December 2020. The so-called "futures" for the delivery of energy in the region for the first three months of this year in December were contracted for over EUR 430/MWh.
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Nenad Stefanović filed a disciplinary complaint against Branko Stamenković, claiming that his public appearances damaged the reputation and trust in the work of the public prosecutor's office. Among the disputed statements is the one that Stamenković gave to the weekly "Vreme", talking about the "para-prosecutor system" in Belgrade.
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At the moment when the institutions of the Republic are destroyed, when Vučić's octopus is still alive, when people are disgusted by the injustice and the stench left behind by the Essenes regime, we have, as Machiavelli said, only civic virtue as the fuel with which we can return to the beginning
The four independent members of REM are an example of perseverance and civic responsibility. Rodoljub Šabić even, upon leaving the premises of REM, after the sentencing of the Informer, experienced that the Essenes insulted him, hit him with their hands and feet. But that too will soon be over
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Interview: Branko Stamenković, public prosecutor of the Supreme Public Prosecutor's Office
A black picture and the breakdown of the rule of law subscribeThe archive of the weekly Vreme includes all our digital editions, since the very beginning of our work. All issues can be downloaded in PDF format, by purchasing the digital edition, or you can read all available texts from the selected issue.
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