Electricity Prices Are Rising Across The Western Balkans

 

Electricity prices are rising across the Western Balkans, with Kosovo seeing the highest residential price increase of 16.1%.

 

Electricity prices are rising in several countries across the Western Balkans, with Kosovo seeing the highest increase of 16.1%. It remains unclear whether North Macedonia will adjust its electricity prices. The Kosovo Energy Regulatory Office recently approved a 16.1% increase in consumer electricity prices to meet the needs of the country's three energy operators, citing factors including reduced energy production, increased consumption, and high dependence on imports. Electricity tariffs are determined by import costs, and Kosovo is a net importer of electricity, with some service costs affected by international market fluctuations. The average estimated cost of imported energy in 2024 is 97.79 €/MWh, while the actual purchase price reached 181.34 €/MWh, resulting in a €47.37 million overspending for FŠU and a €37.8 million overspending for OSSH.

 

Over the past five years, from 2020 to 2024, the average price of household electricity has risen from 5.67 euro cents per kilowatt-hour to 7.39 euro cents per kilowatt-hour, a 31% increase. The new tariff will be valid until March 31, 2026.