Europe
With a power score of 2.03, Serbia ranks number 42 among Emerging Markets and number 8 in the Europe region
Power score
2.03/5
Score over time
2021 - 2024
Serbia has a power score of 2.03, which puts it at rank 42 in the Emerging Markets power ranking. In comparison to 2023, Serbia has improved in the power rankings by 28 places, from rank 70, to rank 42.
At 2.03, the power score of Serbia is worse than than the regional average of NaN in the Europe region and puts it at rank 8 in the region.
Serbia implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, Priority grid access, Renewables mandate, and Renewable Energy Certificates.
The average electricity price in Serbia has increased from 99.48 USD/MWh in 2022 to 104.63 USD/MWh in 2023. Since 2017, the average electricity price in Serbia has fluctuated between 90.27 USD/MWh (2017) and 113.89 USD/MWh (2021).
The top amount of capacity installed in Serbia in 2023 was in Coal at 54.57%, down from 55.91% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - residential at 0.68%, up from 0.13% in 2022.
The top amount of electricity generated in Serbia in 2023 was in Coal at 61.19%, down from 67.34% in 2022. The technology with the biggest increase in electricity generated in 2023 was Large Hydro at 31.15%, up from 25.49% in 2022.
Investment in clean energy in Serbia was around $1,537.79 million in 2023, an increase of 20.05% from 2022 ($1,280.95 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $1,537.79 million, while the lowest was in 2019 with $345.78 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.