Serbia’s state-owned electricity utility Elektroprivreda Srbije (EPS) is expanding its commercial electricity supply portfolio by introducing additional market-based pricing options aimed at corporate customers seeking more flexibility in energy procurement.
The company stated that business consumers operating on the open market can now select contracts linked to variable electricity prices, rather than relying solely on traditional fixed-rate supply agreements.
Under the new framework, electricity prices are no longer constant over the contract duration. Instead, they are determined by market developments, using reference values from the SEEPEX day-ahead electricity exchange combined with an agreed supplier margin.
Speaking at an energy conference organized by the American Chamber of Commerce, Vojkan Vučković, head of EPS’s Free Market Development Sector, said the company has already introduced several contract structures tailored to different customer profiles.
These include agreements indexed to hourly market prices, contracts based on monthly average prices, as well as hybrid models that combine fixed-price volumes with portions linked to exchange-based pricing.
According to EPS, these arrangements enable companies to improve cost control and better align electricity consumption with market conditions. The utility emphasized that such contracts are particularly suitable for businesses equipped with advanced energy management systems capable of adjusting usage in response to price signals.
At the same time, EPS acknowledged that dynamic pricing models increase exposure to market volatility, making them more appropriate for customers that can actively manage operational and financial risks linked to electricity price fluctuations.
The company signed its first contract linked to average monthly market prices in May 2025. Hourly-indexed and hybrid contracts were introduced later as part of a broader strategy to modernize its commercial supply offering and align with evolving European electricity market practices.
