Population	7,498,001 (estimated)
GDP/Capita	$4,150.6 (estimated using average annual exchange rate)
Electricity Market size:	27,202 GWh/year
Generation	38,978 GWh (including generation in Kosovo and Metohija: 4,550 GWh) TPP (coal fired): 28,484 GWh (including TPP in Kosovo and Metohija: 4,469 GWh) CHP: 483 GWh HPP: 10,011 GWh (including HPP in Kosovo and Metohija: 81 GWh)
Surplus Installed Capacity over Demand	1,050 MW (including Kosovo and Metohija)
Installed Capacity	8,355 MW (including Kosovo and Metohija)
Peak Demand	7,305 MW (including Kosovo and Metohija)
Net Electricity Exporter	2,021 GWh (including Kosovo and Metohija and the barter arrangement with Montenegro)
Natural Gas Imported	2.2 bcm
Natural Gas Consumed	2.4 bcm
Natural Gas Reserves	n/a

Electricity

• Public enterprise for generation, distribution and trading of electricity EPS started its operation in July 2005, based on Government’s Act on foundation issued in January 2005. It is organized as a vertically integrated company, owning 11 legally independent companies - 4 generation companies, 1 generation/coal mining company, 5 distribution/supply of tariff customers companies and one coal- mining company. By the Government’s Act EPS is given the obligation to supply tariff customers in Serbia. 100% state owned company.
• Public enterprise for electricity transmission and transmission system control EMS started its operation in July 2005, based on Government’s Act on foundation issued in January 2005, as the Serbian Transmission System and Market Operator. 100% state owned company.
• 25 companies have been issued licenses for electricity trade (including wholesale, retail, import and export) on the electricity market in Serbia by the end of 2007.
• In 2006, eligibility threshold was 25 GWh/year (38 customers; 13% market opening) as initially set by the Energy Law. No applications for eligibility status have been submitted. The Council of AERS passed the decision to set the eligibility threshold at 3 GWh/year (350 customers; potentially 21% market opening) in December 2006. The decision was applied from the 1^st of January 2007. In 2008 the Council of AERS passed a decision by which all non-household customers could obtain eligibility regardless of annual consumption, and went further than the requirements imposed by the Treaty establishing the Energy Community by giving the possibility to obtain eligibility to households consuming more than 200.000 kWh/year. The Decision is applied as of February 23^rd 2008. The result of this Decision is a potential market opening of 47%.
  

Natural Gas

• Public enterprise “Srbijagas” started its operation in October 2005, performing transport, distribution, system operation and trade of natural gas. Srbijagas is also the sole wholesale supplier for tariff customers in Serbia.
• There are 28 distribution companies with different kind of ownership (private and public) responsible for distribution and supply of natural gas in northern part of Serbia
• 10 companies have been issued licenses for natural gas trade (including wholesale, retail, import and export) on the free market in Serbia by the end of 2007.
• Initial eligibility threshold set by the Energy Law was 50 million bcm/year (potentially 50% market opening). In 2008 the Council of AERS passed a decision by which all non-household customers could obtain eligibility regardless of annual consumption, and went further than the requirements imposed by the Treaty establishing the Energy Community by giving the possibility to obtain eligibility to households consuming more than 50.000 m³/year. The Decision is applied as of February 23rd 2008. The result of this Decision is a potential market opening 90%.

• Implementation of pricing methodologies and tariff systems
• Implementation of methodologies for connection charges
• Preparation of Grid Codes for transmission and distribution
• Preparation of Market Rules
• Licensing of companies performing energy activities
• Harmonization of primary and secondary legislation in accordance with the Treaty establishing Energy Community

• Implementation of methodologies and tariff systems
• Implementation of methodologies for connection charges
• Preparation of Transportation and Distribution Operation Codes
• Preparation of pricing methodology for natural gas storage.