Energy Security Of The Republic Of Serbia
Energy Security Of The Republic Of Serbia

Summary/Abstract: The critical points of the energy security of Serbia are energy dependence, low rate of energy efficiency, high-energy intensity and insufficiently exploited potential of renewable energy sources. On the territory of Serbia, there are not enough conventional energy sources. The quality of available fossil fuels is very limited. Serbia is forced to the high import dependence. Serbia spends three to four times more energy per unit of output than in Europe. Irrational electricity consumption per capita is the result of intensive use by the public due to depressed prices of electricity compared to other energy sources and due to the stagnation of economic activity. The low cost of energy may calm nation and lead to a false sense of security even when the energy intensity of its economy remains large. The social price of energy that the political elite use to lead social policy except that discourages capital investment in measures to reduce energy intensity, consequently diminish the responsibility for the rational and efficient use of energy. Energy security is therefore a derivative concept that cannot be separated from political interests. Great potential for saving energy and reducing the use of fossil fuels in Serbia is a fund that in the structure of final energy consumption is the most involved. Most of the existing buildings in Serbia has been built based on a system of fast construction at the time of the socialist reconstruction of the country when it no one care about the energy efficiency. Reducing energy dependence of Serbia is possible thru the exploitation of the potential of renewable energy sources, which according to estimates of experts has a value of half the annual energy needs of the country. The liberalization of the electricity market, increase energy efficiency and greater utilization of renewable energy sources are key measures to increase the energy security of the Republic of Serbia.

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