To cope with the energy crisis needs everyone's help

The energy crisis has affected Kosovo for more than a month now. The European energy market, of which Kosovo is also part, is facing five times the cost of reporting last year. These staggering prices, amounting to over 300 euros for MWh, are paying the KEDS and KESCO companies, without including prices for cross-border capacities and which further impact the imported end price of energy.

Though faced with costs beyond the allowed ones, KEDS and KESCO are carrying the financial burden and are doing their best to supply consumers with electricity even at this time of crisis. But our financial opportunities have been exhausted as a result of high - price exposure.

In this difficult energy situation, KEDS and KESCO, as well as energy sector companies of European states, seek the assistance of all energy sector and relevant institutions so that this difficult road will not be made alone and that this situation can affect consumers as little as possible at this time, but also in the future.

We have reflected the heavy situation we find ourselves in the Task Force created by the Ministry of Economy, and also by co-operating and reporting directly to the highest state institutions. We are willing to cooperate with all parties so that this situation can be overcome as easily as possible for all.

Now when we're entering the winter season, we're witnessing a trend of consumer growth, which mainly happens after most of the country's citizens are warming up with electricity. Although production capacities in the country have seen increases in recent years, this growth is not linear with increasing demand for electricity consumption, and this huge difference, especially during peak time, should be covered through import.

Import dependence exposes us to the movement of import prices in international markets, and prices on international markets are currently unaffordable. Import costs such as these are not envisioned during the recent tax review, so the need for financial support for the energy sector is necessary and imidia. The easiest crisis is overcome with force joining, and we as a company are open to cooperation and finding a better solution for all.