When compared to other countries in the entire Balkan region, Albanians have to pay the highest price for their electricity.
Even though we produce around 70% of our energy locally, through our hydropower plants (HEC), the tariffs continue to be high while prices have remained unchanged since 2014.
Kosovo was the first country in the region, which decided to raise the price of electricity due to the global energy crisis.
Faced with the rising cost of imports, the Kurti administration decided to jack up consumer prices by 20%.
Both Albania and North Macedonia have declared a state of national emergency in regards to this sector, whereas PM Rama has left the discussion open when it comes to the revision of energy prices for big businesses only.
Meanwhile, North Macedonia and the Kovacevski administration have yet to discuss their plans when it comes to the new tariffs.
Each country applies its own specific methodologies when it comes to settling on its energy tariffs. Since 2014, Albanian families have had to pay 9.5 ALL per kW, businesses have had to pay 14 ALL, whereas poorer households are protected through a designated financial scheme.
In addition, when comparing each country’s average consumer prices in the region, Serbia ended up having the cheapest electricity prices, followed by Kosovo.
Albania and Montenegro on the other hand have the highest prices in the entire region.
Our country produces around 5 million megawatts of electricity a year, out of the 7 million it needs in total.
YOU MIGHT ALSO LIKE
- Prices and national debt spiked in 2021, energy crisis persists
- Public debt reaches €4.100 per person, 65% higher than in 2013
- Rama: Public debt isn’t ‘out of control’, more funding coming in soon
