3Power Energy Group Inc (PSPW)

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Albania-Kosovo joint energy market - The first auction is held, the average price reached 111.38 euros/mWh
12:49 - 01/02/2024

February 1st marks the official merger of the Albania-Kosovo energy market, with the sale of energy traded the day before on the Albanian Electricity Exchange, ALPEX. According to official data, the traded volume reached a modest amount of 2,482 mWh, while the average price at which energy was traded is 111.38 euros/mWh.

The operation of the Albanian Electricity Exchange started in April last year, while the merger of the bidding areas Albania - Kosovo was part of the plan, to enable a wider market. However, the challenge remains to ensure the necessary liquidity, which includes the number of companies listed and the volumes traded on this platform.

Currently, there are 21 member companies, while the vast majority are Albanian companies. More specifically, there are 17 companies from Albania, including 5 public energy companies, and 4 companies from Kosovo. 2 of the latter are public and the other 2 are private.

Energy trading on the stock market presents a number of advantages, starting with the provision of a transparent and competitive electricity market on an hourly basis, enabling the energy price to reflect the true and fair value of electricity in the system.

However, this significantly depends on its liquidity. Likewise, the creation of a common energy market presents advantages for both countries, enabling an increase in energy security.

Ola Mitre / SCAN

https://scantv.al/treg-i-perbashket-energjetik-shqiperi-kosove-zhvillohet-ankandi-i-pare-cmimi-mesatar-arriti-ne-111-38-euro-mwh/