The aim
of transformation of “Elektroprivrede Srbije” is a long-term energy and
financial stability, also market operations and necessary investments, not the
privatization and redundant employees in any way – said Dušan Živković, EPS JSC
Director, in RTS “Jutarnji dnevnik”.
He
highlighted that the actual geopolitical situation and energy crisis imposed a
new reality in the power industry worldwide, and energy companies were challenged
by key issues regarding energy sovereignty and security, Green Agenda…
- EPS has recognized a need to change itself and
to enter the process of structural reforms and transformation of the company.
The state remains the owner of EPS and privatization is absolutely not the
topic in consideration. Transformation of EPS also implies the process of HR
enhancing while the redundancy of employees is not a topic. The EPS
transformation plan contains specific structural, financial and operational
improvements in business operations and these processes are estimated to be
implemented in the following year and a half or two – said Živković.
He
pointed out that the stories on EPS unbundling the electricity trade were not
true, since it is one of the most important functions and it will be under the
competence of the Director. EPS CEO explained that the company’s expectations
with regard to the electricity trade are great and that’s why it got a top
place in the company. However, just in 2024, EPS made a profit of 38 million
euros from trading at the free market.
Živković
said, about whether EPS imports the electricity these days, that EPS acts in a
market-oriented way and such segment means profit.
- On
days like the previous weekend days or sunny days, the price on exchanges was
as high as minus 10, up to 5 and 10 euros per MWh, in which case own resources,
good hydrology and coal landfills should be saved and relatively cheep
electricity should be provided which could be placed later on in other moments
when it is significantly more expensive. In evening hours, it may be even 200
euros per MWh – said Živković.
As a guest in RTS “Jutarnji
dnevnik”, Živković pointed out that the electricity price for households wouldn’t
be changed.
