The deadline for bid submission on the Serbian RES auctions passed on August 14. The Ministry of Mining and Energy launched auctions for market premiums for solar power plants (50 MW) and wind farms (400 MW) in June. These are the largest RES auctions conducted in the Western Balkans region. With their successful implementation, state-owned power utility EPS is set to earn over 3 million euros annually.
The Minister of Mining and Energy Dubravka Djedovic said that this approach aims to stimulate the influx of foreign direct investment, GDP growth, the development of the construction industry and potentially reduce electricity costs. It also aims to ensure a more secure energy supply for the economy and its citizens. Within five working days of the submission deadline, the Commission conducts the opening of applications.
The qualification phase lasts from the opening of applications to the opening of financial bids, for a maximum of five working days from the former. Following the opening and evaluation of applications, the Commission publishes the report within five working days of application opening, thereby concluding the qualification phase.
Subsequently, the bidding and quota-filling phase follows. Within a maximum of five working days after the qualification phase, the Commission opens financial bids. Bids that qualify for the bidding stage are those not exceeding the maximum offered price – which is 105 euros/MWh for electricity produced in wind farms with a capacity of 3 MW or more and 90 euros/MWh for solar power plants with a capacity of 500 kW or more.
Quota filling is done through the assessment and ranking of financial bids. After the bidding and quota-filling phase, the Commission prepares a ranking list for awarding market premiums, along with an auction report, and submits them to the Ministry. The Ministry then issues a decision on awarding or rejecting the right to a market premium within 15 days from the report’s submission.
