News

Energy efficiency fund devised in new legislation

Published

August 14, 2015

Comments

comments icon

0

Share

Published:

August 14, 2015

Comments:

comments icon

0

Share

The Ministry of Energy and Industry has come up with a draft Law on Energy Efficiency which includes energy conservation guides for all electricity consumers, including public administration, big companies and citizens, Albanian Telegraphic Agency said. For the first time it foresees an efficiency fund.

According to sources from the ministry, the country has vowed to reduce energy consumption by 11% until 2020, making enhancement of energy efficiency priority. New rules will be applied in the public sector and big companies first, preventing excessive consumption ranging from banning household appliances which do not save energy to measures for construction. For old apartment buildings and houses, the ministry will set up an efficiency fund, which will support their reconstruction with up to 50%, the article published by AlbReporter portal said.

The government plans to invest EUR 500 million in energy sector until 2020, on the basis of energy recovery strategy, in a bid to liberalize the energy market and minimize losses in distribution network.

Related Articles

Serbia EPS PPAs wind parks Alibunar 1 Alibunar 2

Serbia’s EPS signs PPAs for wind parks Alibunar 1, Alibunar 2

08 May 2025 - Serbia's state-owned Elektroprivreda Srbije will offtake electricity from future wind parks Alibunar 1 and Alibunar 2, of 168 MW in total.

Serbia’s TSO EMS signs grid connection contracts for 11 renewable power plants

08 May 2025 - TSO Elektromreža Srbije said the contracts were signed after the second interval for the preparation of grid connection studies

Europe record battery storage capacity growth 2024 expansion slows

Europe has record battery storage capacity growth in 2024 but expansion slows

08 May 2025 - The leap in new battery storage capacity in Europe last year wasn't as impressive as in the previous years

Works beginning North Macedonian side gas interconnector with Greece

Works beginning on North Macedonian side of gas interconnector with Greece

08 May 2025 - The North Macedonian section of the gas interconnector with Greece is expected to be completed by early 2027