The brand new administration of EPS managed to stabilize the Grčić enterprise system – Muricas News

Elektroprivreda Srbije (EPS) underneath new administration and with out the newest worth improve managed to stabilize the system, cut back prices, improve exports and make a revenue, however the query is whether or not it will likely be sufficient for the brand new director Miroslav Tomašević to stay on the head of the corporate, writes Demostat right now.

Since Could, electrical energy has been costlier by one other eight %, so a kilowatt hour for households prices a mean of 13.31 dinars, and EPS introduced that within the first quarter of this 12 months it had essentially the most profitable three months within the final 5 years, reaching a web revenue of just about 300 million euros. .

“How do these two items of reports match collectively, i.e. why is the worth of electrical energy rising once more if EPS is making such a excessive revenue even with the present costs. The reason that’s provided refers back to the disastrous outcomes that the Serbian electrical energy trade recorded through the earlier 12 months, that’s, which it has been registering for the reason that finish of 2021 . when a sequence of cardinal accidents at TENT and within the energy grid led to the collapse of the ability system and consequently to the necessity to import large quantities of electrical energy at costs which have in the meantime reached a historic document,” writes Demostat.

As acknowledged within the textual content, even such a excessive revenue within the first quarter of just about 300 million euros virtually solely coated the loss from the identical interval of the earlier 12 months, when EPS was in a lack of some 250 million euros primarily because of the import of electrical energy.

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With the newest improve within the worth of electrical energy, the third within the final eight months, the worth that residents pay is about 24 % greater than it was till September 2022, and once you add the rise in charges for renewable vitality sources, which was additionally determined by the Authorities of Serbia earlier than eight months, the overall leap in electrical energy payments is slowly approaching the determine of 30 %, because the media not too long ago introduced.

“The federal government, from President Aleksandar Vučić to line minister Dubravka Đedović, publicizes the arrival of ‘skilled administration’ from Norway, now that EPS has additionally modified its authorized kind, in accordance with which it’s now a closed joint-stock firm, and now not a public firm,” writes Demostat.

In EPS, they didn’t need to speak about these points for Demostat, however they talked about the outcomes that EPS achieved.

As they acknowledged, the enterprise success is the results of “elevated manufacturing, revenue from the export of electrical energy and value discount”.

“The capacities of EPS produced 9.74 billion kilowatt-hours of electrical energy, which is 17 % greater than from January to March final 12 months. Secure manufacturing, favorable hydrological circumstances and good planning enabled EPS to promote surplus electrical energy on the inventory market and free market”, they acknowledged from EPS.

As acknowledged, the revenue from exports from January to March amounted to 51 million euros, whereas final 12 months EPS needed to import vitality at excessive costs.

Within the first quarter of 2023, enterprise bills are decrease by about 20 billion dinars than deliberate, of which solely the prices of importing coal are decrease by 8.4 billion dinars.

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The acquisition of fuel price 3.4 billion dinars much less, 1.5 billion dinars much less had been spent on the acquisition of liquid fuels, and about 1.4 billion much less for EMS providers, and the acquisition of electrical energy was much less by 0.8 billion dinars.

“Upkeep prices are decrease by one billion dinars, different enterprise bills had been decrease by 3.7 billion dinars than was deliberate for the interval from January to March”, they state in EPS, including that preparations for the winter season “have already begun”. .

“That is particularly necessary, as a result of the earlier management was harshly criticized in skilled circles exactly as a result of it didn’t put together the capacities in time for the winter season, which led to the truth that the most important thermal energy plant within the nation merely broke down in mid-December,” writes Demostat.

As acknowledged by EPS, within the coming interval, the main focus is on overhauling the capacities for coal and electrical energy manufacturing in order that the system is maximally prepared for the following winter season.

The Ministry of Vitality didn’t reply to Demostat’s questions in regards to the scenario in EPS and plans for a attainable administration change.

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