Albania delays to introduce higher energy prices for second time

The Albanian government has delayed introduction of higher electricity prices for those that use more than 800kW a month, said Deputy Prime Minister and Minister of Energy Belinda Balluku.

At the end of October, the figures show that energy consumption is 7% less. We started it from the administration by giving our example, setting a target of 15 per cent less consumption than a year ago. The energy-saving figures for October are significant and allow us not to apply the 800-kilowatt band even for the month of November

Belinda Balluku, Albanian Minister of Energy

Albanian energy prices are currently subsidised by the state but due to fast rising costs government suggested those who use 800kWh per month or below will receive support from the state subsidised rate, but for every watt over the limit, the price will quadruple to the current cost on the markets.

The minister cited three factors that led to the postponement of the decision. The first was, according to her, the decrease in consumption by citizens, the second was the forecasts for rain in the following days, and the third was the reduction in the price of energy in the international markets.

Albania produces almost all of its electricity through hydropower plants, and then during the winter, imports the deficit in fossil fuel energy from neighbouring countries.

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