The Italian company Europe Energy SpA has acquired a co-ownership stake in the Slovanian company E-nergia Gas and Power, the biggest private supplier of electricity in Serbia. The Italian company delivers power and gas to 60,000 end-users in their country, whereas the Slovenian company has more than 3,000 end-users in the state.
– We have been present in Serbia since 2013, practically from the moment the market was liberalized. The first deliveries to retail clients were contracted in 2014. In 2018, we delivered 274,000 MWh to retail clients in Serbia, and the delivery of 500,000 MWh has been agreed for the current year – said the director general of E-nergia Gas and Power, Velimir Gavrilovic.
The owner of Europe Energy SpA, Matteo Ballarin, said that the company had decided to expand its operations to foreign markets, the Balkans included, in 2012.
– We wanted to determine which markets featured a higher degree of liberalization compared to Italy, where, unfortunately, the state is in charge of the energy sector, so the prices remain high.
Gavrilovic pointed out that, in five years, E-nergia had acquired 5% of the Serbian market. In Romania, they supply 11,000 users with power and gas.
He also said that he expected the role of the CO2 certificate to remain important in the next period, as the most recent factor influencing the accelerated growth of the prices. He said that there was a considerable competition in Serbia in the field of power supply, in which E-nergia is trying to get new clients and keep the old ones.
– We know what the prices offered by EPS are. The price of electricity for 2020 at the Hungarian market is currently EUR 60 per MWh. EPS, however, offers electricity at EUR 52 per MWh. You just can’t compete with those prices – Gavrilovic says.
According to him, of the annual consumption by the commercial market in Serbia of 9.5 million MWh, EPS delivers nine million.
By 2022, E-nergia Gas and Power plans to deliver power exclusively from RES in Serbia.