Bosnia and Herzegovina, How does ERS plan to earn millions of euros through households?

, SEE Energy News

Elektroprivreda Republika Srpska (ERS) plans to support the construction of solar panels on 50,000 households in Srpska in order to free up electricity for export, the price of which is incomparably higher than that paid by domestic consumers.

The households on which the panels will be installed will produce 265,000 megawatt hours of electricity, that is, they will relieve ERS for that much, which can then sell that electricity on the foreign market, reports BN television, referring to the Capital portal.

If ERS had sold that electricity on its own territory, it would have earned a little less than six million euros, while the story is completely different when it comes to exports.

“Taking a price of 180 euros per megawatt on the electricity market, the revenue would be 47.7 million euros”, it is stated in the Energy Sustainability Program recently adopted by the Government of the Republika Srpska.

This document also states that in addition to positive financial effects, the construction of solar panels will also have a positive impact on the environment.

“The implementation of the program has a positive impact on the protection of the environment, given the reasonable assumptions that there will be a reduction in the use of fossil fuels for heating purposes, with an increase in energy produced from renewable sources in the total consumption of customers from the household category,” this document states.

Support can also be expected from companies, 500 of them, which, according to estimates from ERS, should release 4.5 million euros worth of electricity for export with their production.

By the way, if by any chance ERS had already implemented the Energy Sustainability Program and installed the panels, it would have earned much more than the planned 47.7 million euros.

The price of electricity on the Hungarian stock exchange, which is considered to be the reference when it comes to this energy source, is 250 euros.

A simple calculation shows that more than 66 million euros could be generated from electricity that would no longer be needed for households, Danas writes.