Albania does not value electricity prices

Albania does not value electricity prices

Albania's government will not apply the fourfold electricity price for the consumed amount over the 800 kilowatt bloc. The decision was announced by Deputy Prime Minister and Albanian Infrastructure and Energy Minister Belinda Balluk. It cited three factors leading to the postponement of the decision. The first was, according to her, the decline of consumption by [...]

The decision was announced by Deputy Prime Minister and Albanian Infrastructure and Energy Minister Belinda Balluk.

It cited three factors leading to the postponement of the decision. The first was, according to her, the decline of consumption on the part of citizens, second to the forecasts for rainfall in the coming days and third the reduction of energy prices on international markets.
In late October, figures show that energy consumption is 7 percent less. We started from the administration setting our own example, setting a target 15 percent less consumption than a year ago. The October energy savings figures are significant and give us the possibility that we will not apply the 800 kilowatt page for November as well. We expect meteorological events in the Drin's cascading and bringing from the RMV after November 13th”, Balluk said, “Euronews Albia”.

From the Energy Ministry's data, consumption in October was 7 percent less than the same month of last year.

Meanwhile, the price of one megawatt on international markets has dropped from 450 euros to 250 euros. In this statement, Minister Balluk said citizens are responding positively to both the call for savings and the scheme for the deployment of solar panels for heating water.

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