Electricity in Serbia in 2024

In 2024, Serbia's electricity landscape is predominantly driven by fossil fuels, accounting for more than two-thirds of its electricity consumption. A significant portion of this, nearly two-thirds, is derived from coal. Meanwhile, low-carbon energy sources contribute to around 31% of the electricity supply. Hydropower is the dominant clean energy source, generating about 27% of the country's electricity. Other clean sources like wind play a minimal role, generating close to 3%. Natural gas, despite being a fossil fuel, adds to the energy mix with nearly 6% but still contributes to carbon emissions.

Suggestions

To enhance its low-carbon electricity generation, Serbia can draw inspiration from the strategies of countries that have successfully increased their low-carbon energy shares. For example, Slovakia and Ukraine have achieved impressive low-carbon electricity levels, with Slovakia generating about 62% and Ukraine около 55% of their electricity from nuclear energy. Serbia could also look toward Denmark, where wind energy contributes over half of the country's electricity generation. Investing in nuclear energy facilities can provide a reliable and substantial clean electricity source, while expanding wind power can further diversify Serbia's electricity mix, reducing dependence on fossil fuels and mitigating climate change.

History

Serbia's history with low-carbon electricity predominantly revolves around hydropower. Since the early 1990s, fluctuations in hydroelectric output have been notable. The 1990s saw a mix of increases and decreases, with significant gains in 1991 and 1995 and declines in 1993 and 1997. In the 2000s, hydropower generation faced challenges, with notable reductions in 2000 and 2003. However, certain years like 2004 and 2009 showed recovery with substantial growth. The 2010s continued this pattern, balancing growth with setbacks, ending with a notable increase in 2023 before facing a decline in 2024. This history highlights the variability and vulnerability of relying solely on hydropower, emphasizing the importance of strengthening investments in nuclear and wind energy to ensure a stable and clean energy future for Serbia.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources