Electricity

Albanian government adopts decision to set up power exchange

Photo: Pixabay

Published

May 23, 2019

Country

Comments

comments icon

0

Share

Published:

May 23, 2019

Country:

Comments:

comments icon

0

Share

The Government of Albania has adopted a decision to establish a power exchange, with day-ahead and intraday markets, according to the Albanian energy minister, Belinda Balluku.

The power exchange will be established in accordance with EU directives and as a step in energy sector reforms, Balluku said in a press release, adding that the power exchange will speed up the electricity market liberalization and deregulation.

OST, Albania’s state-owned transmission system operator (TSO), will be in charge of setting up a company to operate the power exchange. The operator will be a joint stock company, and the Albanian government will select its shareholders.

Balluku sees transmission system operators that have signed memorandums of understanding with Albania as potential shareholders.

The IFC and the Energy Community Secretariat have assisted the Albanian government in this move

The purpose of establishing a power exchange is to ensure reliable services for power market participants in order to increase the security of power supply in the country and improve financial transparency.

The decision to set up a power exchange is a major step in fulfilling obligations Albania has under the Energy Community acquis, Balluku said. The International Finance Corporation (IFC) and the Energy Community Secretariat have assisted the Albanian government in this move.

In March, OST signed a memorandum of understanding with Bulgaria’s and Macedonia’s respective TSOs.

The MoU includes the coupling of the day-ahead markets, to be accompanied by an implicit allocation of interconnection capacities in line with the European target model.

In February 2018, Janez Kopač, director of the Energy Community Secretariat, said the creation of a national power exchange – the Albanian Power Exchange (APEX) – would be a real game changer not just for Albania, but also the entire region.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Romania risks power outages as import capacity is nearing its limits

Romania risks power outages as import capacity is nearing its limits

09 December 2024 - Imports account for over 35% of power consumption in Romania during daily peaks, but Minister of Energy Sebastian Burduja isn't pessimistic

montenegro tpp pljevlja sasa mujovic necp

Montenegro drafts NECP: TPP Pljevlja to be shut down by 2041

09 December 2024 - The Ministry of Energy of Montenegro submitted the draft NECP to the Energy Community Secretariat for a review

Bulgaria call standalone energy storage 4 3 times oversubscribed

Bulgaria’s call for standalone energy storage is 4.3 times oversubscribed

09 December 2024 - Developers in Bulgaria applied for 4.3 times more in grants for standalone energy storage than the budget. Funding is uncertain, though.

Bulgarian citizens demand referendum on wind farm construction on agricultural land

Bulgarian citizens demand referendum on wind farms on agricultural land

09 December 2024 - Citizens from four Bulgarian districts protested in Varna, calling for a referendum on constructing solar and wind farms on agricultural land