The Electric Power Company of Bosnia and Herzegovina has been announcing an increase in electricity prices for some time. And the Prime Minister of the Federation of Bosnia and Herzegovina, Nermin Nikšić, confirmed that the price of electricity will have to increase. Given that every increase in the price of energy products entails an increase in the price of everything else, these announcements have caused considerable concern among citizens.
The Prime Minister of the Federation of Bosnia and Herzegovina, Nermin Nikšić, has spoken out about the announcements of a possible increase in the price of electricity in the Federation of Bosnia and Herzegovina. The reactions came after the Electric Power Company of Bosnia and Herzegovina announced that there could be a price increase. BH cultural events tickets
“For those who use moderate amounts of electricity, there should be no price increase. Even in these situations, the bills could be somewhat lower, and all of us who use air conditioners, who heat ourselves with electricity, should also pay if we want to spend,” said Nikšić.
Citizens are not in favor of a new price increase, especially when the prices of groceries are increasing almost every day.
Electricity prices will also rise due to the start of the implementation of CBAM, the European Union’s mechanism for additional taxation of imported goods into the Union, if carbon was emitted in their production. Director of Elektroprivreda BiH Sanel Buljubašić said that the European Union is not giving up on this mechanism, and that its implementation will cause problems for regional electricity companies because they mainly use coal in electricity production.
“It is up to the state to urgently pass laws on the regulation of carbon emissions in international trade, so that the economy, and consequently the population, do not have even greater costs and problems. Exporters from Bosnia and Herzegovina will have to pay the CBAM tax for every euro of product exported from Bosnia and Herzegovina to the EU from January 1,” warns Buljubašić.
Former director of Elektroprivreda BiH and economists agree. Our country imports too much electricity, despite having large resources for production.
“There is not enough domestic production, and electricity is bought on the market. That is more expensive, it is currently more expensive. So if you buy something more expensive, you have to sell it more expensive,” notes former director of Elektroprivreda BiH Edhem Bičakčić.
“The insistence on the monopoly of the electricity companies of both entities leads to the fact that citizens, as consumers, practically have to pay whatever price is set,” says economist Zoran Pavlović.
Prices are rising, and there is no systemic solution. Not enough is being invested in renewable sources, and producers who depend on non-renewable sources are also standing still, BHRT writes.
