ANTIC: Electricity price goes up 12% on August 1st

Aleksandar Antic (Photo: Mc.rs)

Energy Minister Aleksandar Antic said today that electricity price in Serbia would be increased 12% on August 1st.

He noted that these 12% covered the electricity tax, that is, excise tax.

Antic stated he was aware that it was never a good time to increase the price of electric energy, underlining the necessity for the power supply and generation systems of Serbia to remain stable.

- There are no new jobs and factories without investments in the power supply system - said Antic.

He pointed out that the electricity price would remain the cheapest in Europe, adding that it would still be 15% lower than in Macedonia and twice as low as in Montenegro.