Although it is still at the bottom of the European ladder, Turkey, Georgia, Bosnia and Herzegovina, Montenegro, Hungary and North Macedonia have cheaper electricity than Serbia. The price of electricity refers to the consumption of 2.500 to 4.999 kilowatt-hours per year with all state levies.
Frequent increase in the price of electricity from 2022 have led to Serbia losing its status as the country with the cheapest electricity, writes Danas. In the last ten years, the price of electricity in Serbia has increased by more than 90 percent.
In other countries of the region, as well as beyond, such a strong growth has not been recorded. The biggest increase after Serbia was in Romania, where electricity prices rose by 47,2 percent. It is interesting that in Montenegro the price of electricity stagnated in the same period, while in Hungary a drop of around eight percent was even recorded.
When electricity prices are compared with the purchasing power of the population, the position of Serbia is less favorable. Observed through the PPS (Purchasing Power Standard), i.e. the purchasing power standard, Malta, Hungary, Norway, Bosnia and Herzegovina, Turkey, Montenegro and Finland have cheaper electricity than Serbia.
It is interesting that Luxembourg is right above Serbia, although average salaries in that country are four to five times higher than in Serbia.
This means that the citizens of Serbia spend a larger part of their income on electricity bills, which is why they have less money left for other life needs.
Price increases
The price of electricity in Serbia increased by 6,6 percent in the second half of 2025. At the same time, the limit for entering the red zone of consumption was lowered, from 1.600 to 1.200 kilowatt-hours, which is why statistics record an annual increase in electricity prices for households of 9,6 percent.
One of the key reasons for this growth, which is often pointed out by energy experts, is the fact that Serbia can no longer fully meet its energy needs from domestic production. The long-term underinvestment in modernization and the construction of new energy capacities is now paying off.
The lack of new coal deposits, as well as more frequent droughts that reduce the production of hydroelectric power plants, lead to less production of electricity from domestic sources. Because of this, Serbia is forced to import part of the electricity at significantly higher prices, which is directly reflected in the accounts of citizens and the economy.
Electricity for the economy is more expensive than in many European countries
Electricity for the economy has also become more expensive compared to the period before 2022 and, according to Eurostat data for the second half of 2025, Serbia is now in the middle of the European price scale for industry.
Finland, Georgia, Norway, Montenegro, Turkey, Sweden, Bosnia and Herzegovina, Malta, North Macedonia, Spain, Portugal, Latvia, Bulgaria, Estonia and Croatia have cheaper electricity for the economy than Serbia.
The price of electricity refers to the consumption of 500 to 1.999 megawatt-hours per year with all government levies.
Since last year, foreign companies have started to withdraw from Serbia more and more often, citing the increase in business costs, minimum wages, as well as the rise in electricity and gas prices.
These Eurostat data show that Serbia is no longer competitive in terms of electricity prices for the economy, not only in the region, but also in Europe.
Source: Today
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