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Bosnia's net electricity output up 0.6% y/y in Dec
Dec 01, 2023 11:11 EEST
December 1 (SeeNews) - The government of Bosnia and Herzegovina's Federation said it decided to declare a state of endangered security in the supply of electrical energy for 2024 as a response to the surge in prices and difficulties with electricity supply.
In a state of endangered power supply security, the Federation's government can introduce special measures for the formation and control of electricity prices, it said in a press release on Thursday.
Based on current market conditions, the average price of electricity for the year 2024 would be 141.53 euro($154.2)/MWh, representing an average increase of 87% compared with the previous year, the entity's government said, citing estimates by power utility Elektroprivreda BiH.
"Without the application of any form of price restriction, over 96% of current electricity customers affected by previous decisions on price limitations would experience an increase in electricity supply prices of over 60%," the entity's government said.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Serb Republic.
($ = 0.918034 euro)
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