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CMS participates in the Balkan Green Energy News Conference on the Changing Power Market

The conference "Serbian Companies on the Changing Power Market" organised by Balkan Green Energy News gathered together numerous players in the renewable energy market.

An industry meeting of regional importance

On 22 February 2022, leading electricity market experts from Serbia and abroad met in Belgrade to discuss key issues in the Serbian energy sector. The topics were relevant for the entire region.
The experts provided insights into both the way the Serbian electricity market would likely develop in the coming years and the opportunities available to various market participants. The conference offered an analysis of the most important challenges facing companies in the course of the energy transition.

CMS also relies on innovative advisory products to help its clients benefit from the energy transition.

The conference was opened by Serbian Deputy Prime Minister Zorana Mihajlović and Director of the Energy Community Secretariat Artur Lorkowski. CMS was a sponsor and participant of this crucial event for the energy sector and was delighted to be represented onsite by its lawyers Ivan Gazdić, partner CMS Serbia, Georg Gutfleisch, lawyer CMS Austria, and Tamara Kosi, lawyer CMS Slovenia, and Maja Živanović, Business Development Country Head, CMS Serbia, Montenegro and North Macedonia. 

One step ahead in the energy crisis

The 2021 energy crisis has continued into 2022 causing unprecedented increases in electricity prices across Europe. The Serbian government has put up a rescue parachute for companies and capped the electricity price at EUR 75 per MWh for the period until June 2022. However, it remains to be seen how electricity prices will develop in the medium and long term. In the coming years, the Serbian electricity market will – like the entire region – be affected by other important changes too: decarbonisation and the need to align its business with the Green Agenda; the projected growth in solar and wind capacity; the increasing attractiveness of customers producing their own energy onsite; and the carbon cap tax on exports to the EU.

The conclusion was: “The event ‘Serbian Companies on the Changing Power Market’ provided an excellent opportunity for the exchange of information and ideas that are urgently needed to better understand trends in the power market and to remain competitive".

The CMS Energy and Climate Change Sector Group provides leading advice products on all aspects of innovative energy, climate change and ESG.

Related people

Ivan Gazdic
Ivan Gazdić
Georg Gutfleisch
Georg Gutfleisch
Senior Associate