Mitigation of price spikes in Serbia: Gas price limited
The Government of Serbia has adopted the Regulation on a temporary measure of limiting the price of gas and compensation for the difference in the price of natural gas procured from import or produced in Serbia in the event of a disturbance on the natural gas market.
According to the government’s press release, the goal of the regulation is to eliminate the consequences of the surge in the price of natural gas as a way of mitigating the consequences of the energy crisis, in order to protect the economy and citizens.
They pointed out that in order to ensure the normal supply of natural gas to all consumers, it is necessary to provide the right to reimbursement of the difference in the price of natural gas purchased from import, which was used to calculate the price for further sale to suppliers and end customers for November 2021.
At the session, the Regulation on the Entities Subject to the Energy Management System (EMS) was adopted, which expanded the scope of the Entities Subject to the Energy Management System.
“This regulation establishes more closely the criteria on the basis of which the Entities Subject to EMS are determined, namely local self-government units and municipalities with more than 20,000 inhabitants, other bodies and organizations of the Republic of Serbia, especially taking into account the area and type of facility they use,” the press release reads.
In the production sector, the limit value of primary energy consumption that defines the Entities Subject to the Energy Management System has been lowered from 29.08 GWh to 25 GWh, and in the trade sector, the limit value of primary energy consumption has been lowered from 16.63 GWh to 7 GWh.
In the public sector, annual energy savings of about 6.9 GWh are expected, on the basis of which it is expected to reduce the costs of energy and energy products in the budget by about RSD 46.3 million.