Serbia Heating Costs 2026/27: Gas 59,500, Power 250,000+

Heating a 60 square meter flat in the 2026/27 season costs from 59,500 dinars on natural gas to more than 250,000 dinars on direct electric heating, according to the Energy Agency of the Republic of Serbia. The priciest option is more than four times the cost of the cheapest, and the prices are calculated from mid-September values.

What assumptions does the Agency use for a 60 square meter flat?

The estimate covers an average 60 square meter flat heated to 20 degrees Celsius for 16 hours a day over a 180-day heating season. That takes 9,000 kilowatt-hours of energy, based on the Agency’s estimated average consumption of 150 kilowatt-hours per square meter. The efficiency of the appliances is factored in too, so the same fuel does not cost the same in a good stove as in a poor one.

How much does each fuel cost for the season?

Ranked from cheapest to most expensive, the estimated cost for the heating season is:

• natural gas: 59,500 dinars, the same as last season
• firewood: 60,000 to 99,300 dinars, depending on the price of the wood and the stove
• coal: 81,000 to 102,000 dinars, depending on the type
• thermal storage heaters on night-rate electricity: 102,700 dinars
• pellet: 114,000 dinars
• thermal storage heaters topped up with more expensive daytime electricity: 142,000 dinars
• heating oil: 167,600 dinars
• propane-butane gas: 187,000 dinars
• electricity used directly in heaters and boilers for single-flat central heating: over 250,000 dinars

Why can’t wood and pellet prices be compared without conditions?

The 60,000 dinar figure for wood, on par with gas, holds only under two conditions. Wood has to cost 7,300 dinars per cubic meter, which the Agency ties to regions where firewood is cheaper to obtain, and the stove has to be a newer one with 65% efficiency. Households that buy pricier wood at 10,200 dinars per cubic meter and burn it in a less efficient stove pay 99,300 dinars. Firewood is up to 13% more expensive than last season.

Pellet is under more pressure. The 114,000 dinar cost applies to more efficient stoves built specifically for that fuel, and it is 50% higher than last season, which by that calculation means about 76,000 dinars a year ago. The coal estimate does not cover heating with raw lignite from Kolubara.

What about electricity and heating oil?

The price of electricity is unchanged from last season, so the cost of heating a flat with it has not changed either. Still, there is a big gap between the two electric options. Thermal storage heaters cost 102,700 dinars only if they run exclusively on cheaper night-rate electricity, while topping them up with pricier power for two hours a day raises the cost by 40%, to 142,000 dinars. At current prices, direct electric heating is the most expensive way to heat a home this season.

For heating oil, the Agency states that 167,600 dinars is the cost from the 2025/26 season, so that figure was not compared at September prices like the others. Divided by 9,000 kilowatt-hours, gas works out to about 6.6 dinars per kilowatt-hour and direct electricity to more than 27.7 dinars, which is our own calculation from the Agency’s data.

What do wood and pellet really cost in Belgrade?

The wood estimate rests on prices of 7,300 to 10,200 dinars per cubic meter. At Belgrade lumberyards, as we reported on September 29, beech, oak and Turkey oak cost 10,500 to 11,700 dinars per cubic meter, above the upper limit of the Agency’s calculation, and a ton of pellet cost 42,000 to 48,000 dinars. Anyone buying firewood in the capital can hardly count on the lower figure of 60,000 dinars.

District heating is not among the fuels mentioned in the Agency’s announcement. For Belgrade, we reported that Belgrade Power Plants (Beogradske elektrane) proposed new prices, and that the City’s approval had not been published as of September 29. Under that proposal, a 60 square meter flat billed by floor area would pay 110,273 dinars a year without VAT, up from 100,761.