Serbia’s newly adopted Energy Balance for 2026 indicates that the electricity sector structure will remain largely stable. Total gross electricity generation is expected to reach 39,299 GWh, a 5 % increase compared to 2025. Thermal power plants will continue to dominate, supplying over 62 % of total production.
Hydropower remains the second-largest contributor, with an anticipated 9,833 GWh, roughly a quarter of total generation. Wind energy is projected to provide just over 5 %, while all other sources will make up a significantly smaller portion.
Serbia’s installed generation capacity totals 10,198.3 MW, including 4,322 MW thermal, 3,014 MW hydro, 1,004 MW wind, and about 486 MW combined heat and power. Electricity consumption is expected to grow slightly faster than production, with total demand rising 6 % from 2025. Households remain the largest consumers (44.5 % of final use), while industry and construction account for roughly a third.
In terms of trade, Serbia plans to import 6,931 GWh in 2026, approximately 14 % less than in 2025, while exports are projected at 7,410 GWh, a modest 2 % increase. Transmission and distribution losses are expected at 3,796 GWh, leaving final electricity consumption at 29,972 GWh, about 1 % higher than in 2025.
The demand structure shows households leading, followed by commercial and public services (19 %). Transport and agriculture contribute just over 1 % each. Analysts note that in Serbia, industrial consumption appears lower because industrial and construction sectors are partially categorized separately from commercial services. Combined, these sectors account for nearly 53 % of consumption, still below Western European levels, where industry typically represents around 70 % of electricity use, highlighting the relatively smaller role of heavy industry in Serbia.
