KEDS announces the people of Kosovo: Our money ran out

KEDS announces the people of Kosovo: Our money ran out

The Kosovar Electricity Distribution Company in Kosovo has declared that the energy crisis has affected Kosovo for more than a month now. Through a media communiqué, KED's financial opportunities are said to be exhausted to the end, as a result of high-priced confrontation. European energy market part of [...]

Through a media communiqué, KED's financial opportunities are said to be exhausted to the end, as a result of high-priced confrontation.

The European energy market, part of which Kosovo is part, is facing five times the price of 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. ” said in communiqué.

In turn, the assistance of energy sector activists and relevant institutions was required for this situation to affect consumers as little as possible at this time, but also in the future.

“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. ”

The ECDS disclosed that the situation has been announced in Task Force created by the Ministry of Economy and the top state institutions. They also claim that they are willing to cooperate with all sides so that this situation can be overcome as easily as possible

Subtitles to import expose us to moving import prices to 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. ”

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