Tirana energy storage and power exchange

Will Tirana's power exchange operate the short-term electricity markets in Albania and Kosovo?

According to the Energy Community Secretariat, the power exchange in Tirana will operate the short-term electricity markets in Albania and Kosovo*. ALPEX will also operate the day-ahead market coupling between Albania and Kosovo* soon after its operationalisation, the international body said.

How can Albania solve the energy crisis?

In addition to eliminating the electricity deficit and taking electrification to new sectors, Albania can increase its potential to unlock new industries and investment using clean energy. The country can explore opportunities to produce green hydrogen through solar and wind power.

What is the Albanian Power Exchange?

Kosovo’s transmission system operator (TSO) KOSTT and its Albanian counterpart OST have signed the agreement on the establishment of the Albanian Power Exchange – ALPEX, formerly called APEX. The shareholder agreement for ALPEX was signed by Chief Executive Officer of KOSTT Ilir Shala, and Administrator of OST Skerdi Drenova.

Why does Albania need to import energy?

Changing weather patterns over the years have forced the country to import energy to cover domestic needs, as a lack of storage capacity requires Albania to sell its generated power during peak months of production.

Is Albania a net energy importer?

Today, Albania remains a net energy importer as domestic energy production is not able to meet demand. When it comes to renewable energy imports, Eurostat data shows that the country ranks 8 th in Europe.

Does Albania need a diversified energy production mix?

The government of Albania seems to have already acknowledged the need for a diversified energy production mix. The Minister of Energy and Infrastructure, Belinda Balluku, has repeatedly highlighted that one of the key pillars of focus is the national strategy on energy diversification.