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Serbia

Crucial intelligence to understand the changing dynamics of the Serbian energy market

The Serbian energy market is currently being liberalised and is on its way to a more sustainable energy system, aligning with EU guidelines. To increase renewable energy generation, the country is approaching energy storage facilities such as pumped-storage hydropower plants, batteries, and green hydrogen storage as a strategy to sort balancing issues. Stay up-to-date with all the crucial developments in this market with our services.

What you need to know about the market

  • Serbia is committed to setting targets in line with the ratified Energy Community Treaty—the EU's climate and energy policy—thereby decarbonising and liberalising the market.
  • In July 2023, the country introduced an intraday market, completing the organised electricity market in Serbia, which brings the country closer to joining the single European market.
  • Serbia has solid wind and solar potential, with slightly higher load factors than neighbouring countries, and plans to award market premiums for 1,300 MW of renewables in the next three years, with the first Contract for Difference (CfD) auction launched in June 2023.

Which products are available?

  • Power & Renewables Service

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  • Hydrogen Service

    Crucial analysis into market sizing and drivers, dedicated insights following policy developments and project activities across power, heat, transport, and industry

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