Expected ROI of school solar storage project in Serbia 2025

What is the energy development strategy of the Republic of Serbia?

The energy development strategy of the Republic of Serbia should provide prerequisites for a different scenario of sustainable and prospective growth and development in the long term.

How is energy policy implemented in Serbia?

The Energy Law envisages that energy policy is elaborated and implemented in more detail through the Energy Sector Development Strategy of the Republic of Serbia, the Strategy Implementation Program, and the Energy Balance of the Republic of Serbia.

What is the production of primary energy in Serbia?

Domestic production of primary energy includes the exploitation/use of domestic resources such as coal, crude oil, natural gas, and renewable energy sources (hydro potential, geothermal energy, wind energy, solar energy, biogas, biomass). The production of primary energy in Serbia in 2021 amounted to 10.186 Mtoe8.

How does the transition of Serbia's energy sector affect prices?

The transition of Serbia's energy sector, in the context of the implementation of a new energy strategy, takes place in the turbulent time, first due to changes in demand and the restructuring of global energy markets, and then due to a series of geopolitical challenges, leads to a sudden and uncertain increase in prices certain forms of energy.

What are the social consequences of changes in Serbia's energy sector?

The social consequences of changes in Serbia's energy sector are manifold. One aspect of those consequences relates to the new energy system and prices, conditioned by new energy policies and laws. The second aspect includes employment, earnings and lifestyle of people, primarily employees of energy companies and their families.

How much energy does Serbia produce in 2021?

The production of primary energy in Serbia in 2021 amounted to 10.186 Mtoe8. The import of primary energy (including electricity) in 2021 amounted to 7.251 Mtoe. Imports ensure the necessary additional quantities of crude oil and petroleum derivatives, natural gas, and coal.