Bosnia's Federation regulator approves linear electricity price hike

Electricity prices for households will increase by an average of 10.04%, whereas prices for other types of consumption at 0.4 kV will go up by an average of 7.29%, the Federation's Regulatory Commission for Energy (FERK) said in a statement.

The new electricity prices are effective as of August 1.

In late April, FERK said it has declined a proposal by Elektroprivreda BiH to introduce a new electricity pricing model which would have linked the price per kilowatt hour (kWh) to monthly consumption levels and increased prices for heavy consumers.

Elektroprivreda BiH, Bosnia's largest power utility, is based in the Federation entity. Elektroprivreda RS is the power utility of the Serb Republic.

The Federation and the Serb Republic are two autonomous entities that form Bosnia and Herzegovina.