Albania energy storage project electricity price difference

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4 FAQs about Albania energy storage project electricity price difference

How does Albania currently generate electricity?

Albania currently generates almost 100% of its electricity from hydropower plants. This energy cannot be stored, so it is sold to other countries during the spring and summer when production is higher. But then, come winter, Albania has to purchase electricity from neighboring countries to meet demand.

Should Albania's energy mix include more renewables?

While Albania's energy mix already features one of the highest shares of renewables in the region owing to its extensive installed hydropower capacity, the essential need remains for a more secure, cost-competitive national energy supply. Diversifying the electricity mix to include more renewables would strengthen Albania's energy security.

What is Albania's energy sector strategy?

In 2018, Albania adopted its National Energy Sector Strategy, which examined various energy development scenarios and set forth a series of key indicators and objectives that will shape Albanian's energy sector over the period from 2018 to 2030 (Table 2). Most notably, the strategy stipulated a 42% share of renewable energy in the TPES by 2030.

Is Albania accelerating its green transition?

The panel explored how this cooperation is accelerating Albania's green transition, strengthening energy security, and contributing to a more resilient and sustainable regional energy landscape.

Albania

The state-owned production company KESH has an obligation to sell electricity to the supplier of last resort at a price below market price, determined by the Min-istry as a shareholder.
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