RES capacities of 843 MW for which Elektroprivreda Srbije signed PPA contracts for electricity purchase and balancing will generate 2.2 terawatt-hours of electricity this year which represents an increase compared to the last year when the capacity of these projects was 723 MW, said David Žarković, Assistant General Manager of EPS for Electricity Portfolio Management.
- We expect to have two large wind farms on the grid by the end of the year. In 2026, there will be 1,433 MW from RES projects with an expected production of 3.2 terawatt-hours. We will have 1,786 MW with 4.1 terawatt hours, in 2027 and 2,490 MW from RES with 5.9 terawatt hours, in 2028. These are the projects for which EPS signed PPA contracts for 15 years for electricity purchase and balancing, and independent producers from renewable sources are not included. Our plan is that, in 2028, 42 percent of energy is produced from hydro and renewable sources and that the goal of the state implying that 45 percent of electricity is from RES by 2030 is achieved – said Žarković at the panel on the electricity market, as part of the RES SERBIA 2025 conference.
He pointed out that EPS is the dominant market participant in Serbia and that position of EPS is such that it naturally has to take over the largest number of PPA contracts on electricity purchase and balancing.
– Balancing is a financial obligation. Each participant can take on the balance responsibility, no need for someone like EPS, he is free to do it himself, under the same conditions, but the market for these services has not been exploited. Everyone came to EPS and we managed to offer the most favorable conditions – said Žarković.
During the panel, the phenomenon of negative prices was also discussed, a situation where prices fall due to the increasing production of energy from renewable sources, in periods of the day when consumption cannot offtake all that energy.
– EPS has 30 open PPA contracts that need to be annexed due to the introduction of negative prices, because they are not in the existing regulations in Serbia. Even after the change in regulations, we will strive to share the benefits and risks of negative prices between us and the manufacturer in the future – explained Žarković.
