Mining and Energy Minister Zorana Mihajlovic on May 17 said it was necessary to increase electricity price, noting that energy security in the long run would not be possible without new investments in renewable energy sources.
Speaking at a conference titled “Renewable energy, Serbia's Potential - Opportunities for Israel,” held at the Serbian Chamber of Commerce, Mihajlovic said “the entire world has been going towards energy transition, green transition and development of renewables.”
She noted that a good legal framework had been set up in Serbia, which “has been recognized by the EU, which is important as we aspire for a full-fledged membership, and also by investors.”
“Regardless of all the resistance and obstructions we have been facing, we have continued to implement our plan, which is to achieve at least a 40 percent share of renewables in total energy generation by 2040,” the minister noted.
Mihajlovic stressed that it was necessary to increase electricity price, because state power utility Elektroprivreda Srbije (EPS) required support in the time of crisis. She noted that based on the drafted Decision on energy vulnerable customer, around 200,000 households would be entitled to cheaper electricity price.