economy
Serbia is no longer a 'cheap electricity paradise': See who pays less than us
The price of electricity for households in Serbia has not been the lowest in Europe for several years in a row, precisely since the 2022 energy crisis, and the latest Eurostat data show that this was not the case in the second half of 2025 either.
TL;DR
- Serbia's electricity prices for households are no longer the lowest in Europe, a trend that began after the 2022 energy crisis.
- Several countries, including Turkey, Georgia, Bosnia and Herzegovina, Montenegro, Hungary, and North Macedonia, offer cheaper electricity to citizens than Serbia.
- The price of electricity in Serbia has increased by over 90% in the last decade, with a further 6.6% increase in the second half of 2025.
- Compared to purchasing power, Serbia's electricity prices are less favorable, with citizens spending a larger portion of their income on electricity bills.
- Reduced domestic energy production due to insufficient investment, lack of new coal mines, and drought affecting hydropower output are key reasons for higher prices and increased imports.
- Electricity prices for businesses in Serbia have also risen, placing the country in the middle of the European ranking for industrial electricity costs.
- Higher operating costs, including electricity and gas prices, are causing foreign companies to withdraw from Serbia.
- Serbia is no longer competitive in electricity prices for businesses, both regionally and in Europe.