InvestorsHub Logo
Followers 37
Posts 2810
Boards Moderated 1
Alias Born 03/24/2010

Re: None

Friday, 08/26/2022 1:58:50 PM

Friday, August 26, 2022 1:58:50 PM

Post# of 95388
Electricity reaches record prices on the stock market, KESH cancels the tender.

The energy crisis seems to be near. Electricity has reached record levels in the stock market. During Friday, one megawatt is being sold for over 750 euros during peak hours. Meanwhile, the Albanian Electric Corporation has again canceled the tender to buy energy for the weekend. Currently, KESH is meeting the supply needs of Albanian consumers only from local production.



It is learned that the decision to cancel the tender for the period 27-28 August came as a result of the record prices that were recorded on the stock exchanges.

KESH informs that the figures of the increase in the price of energy are 7 times higher than a year ago and appeals to citizens to save.

Due to the high production of energy to meet the country's needs, the water level in Fierza has decreased significantly, reaching 273.7 meters. This turns out to be a level below the multi-year average for this period.

This situation shows that the energy crisis is deepening, while the government has warned that since October, the ban on citizens' billing will be restored. Households that will spend more than 800 kilowatts will be forced to buy electricity at the market price, which is up to 4 times more expensive.

The energy crisis has affected a number of countries in the region and Europe, while experts predict that during the fall and winter the situation will worsen even more.

Due to the difficulties, North Macedonia declared a state of crisis in the energy sector. This decision will enter into force on September 1 and will last for 30 days.

Meanwhile, Kosovo a short time ago started restrictions of several hours of electricity. /abcnews.al

https://abcnews.al/energjia-elektrike-arrin-cmime-rekord-ne-bursa-kesh-anulon-tenderin/