Losses of Elektrodistribucija Srbije in 2023 amount to RSD 1 billion

Elektroprivreda Srbije (EPS) had a record profit of RSD 114.3 billion last year, but the company which distributes electricity to the consumers, Elektrodistribucija Srbije (EDS) can’t claim to have been as successful, the Danas daily writes. According to the financial reports published on the website of the Serbian Business Registers Agency (SBRA), EDS recorded a loss of RSD 1 billion, or nearly EUR 9 million. In 2022, the profit of EDS amounted to RSD 250 million, or slightly over EUR 2 million.

EDS, which was extracted from EPS in 2021, delivered 26.3 million megawatt-hours of electrical energy last year, which is a reduction of 1.7% compared to 2022.

At the same time, EDS took over 29.5 million megawatt-hours of electricity. The difference between the taken and the delivered electricity pertains to the coverage of losses in the distribution system. Last year’s losses amounted to 3.2 million megawatt-hours of electricity.

For the sake of comparison, that is more than a half of the annual production of the hydro power plants Djerdap 1 and 2, which, according to the EPS website, produce seven million megawatt-hours of electrical energy annually, the Danas daily writes.

As said in the notes accompanying the financial reports of EDS, the losses comprised 10.85% of the electricity that was taken over last year, and that’s even lower compared to 2022, when the losses amounted to 11.22% of the total amount of the electrical energy that was taken over.

The costs of purchasing electrical energy to cover the losses of EDS were RSD 11.7 billion (close to EUR 100 million) higher in 2023 than in 2022.

In total, EDS paid RSD 38.2 billion (EUR 326 million) to EPS for the lost electricity.

Elektroprivreda Srbije ad Beograd

Elektrodistribucija Srbije d.o.o. Beograd

Agencija za privredne registre Beograd

SBRA

losses of Elektrodistribucija Srbije

Đerdap 1

Đerdap 2