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Serbia: Gas prices frozen until May

Gas prices in Serbia will remain at the level that will be in effect on 1 November until May 2024, following the previously announced price increase.

In the event of market disruptions, Serbian government will compensate producers and importers from the national budget for any price differences. This regulation applies exclusively to quantities of natural gas intended for consumption within the territory of Serbia.

In September, the Energy Agency of the Republic of Serbia approved the decisions of 31 public suppliers regarding the new prices of natural gas for public supply, which will come into effect on 1 November 2023.

The new price will be higher by 10% and will amount to 0.039 euros/kWh without taxes and fees (0.043 euros/kWh with taxes and fees).

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