NewsElectricity in Montenegro will be more expensive in January

Electricity in Montenegro will be more expensive in January

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Electricity for households and other distribution consumers will certainly become more expensive in January, and by what percentage will be known by December 1st. Until then, the Regulatory Agency for Energy and Regulated Utilities (REGAGEN) should respond to the request of the Montenegrin Electric Distribution System (CEDIS) to increase their item on the bill, while by then Energy company should also decide whether and by how much it will increase the amount on its part. accounts.

In the last 12 years, the final price of a kilowatt hour for households with all items and tax has increased by 10.3%, mostly due to the increase in VAT from 17 to 21%. During this period, many items on the account were added, deleted or changed, so this did not significantly affect the final value. The price of a kilowatt hour with all items and tax, according to Monstat and Eurostat data, at the end of last year amounted to 9.6 cents and was lower than in 2018 and 2019, when it amounted to 10.2 and 10.3 cents.

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CEDIS items make up about 20% of the total amount of the bill, so its increase by ten percent would affect the growth of the total amount of the bill by about two percent.

EPCG owns 45% of the account and it can increase its share even without the approval of the regulator, but it has not done so for four years, and even then it was a symbolic change. This company said that they are still analyzing the situation on international stock markets, and that this is a sensitive issue due to its economic and social impact.

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They stated that their part of the bill has not been increased even symbolically since 2019, and that the price on the stock exchange has meanwhile increased by over 100%.

After a detailed analysis of electricity production costs, but also taking into account the socio-economic environment of end customers, EPCG will make a possible decision on the increase, the company stated.

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