Proceedings of the 8th International Conference on Research in Management and Economics
Year: 2023
DOI:
[PDF]
Market Strategy on Competitive Initiatives in Energy Sector
Ines Anna Maria Jaho
ABSTRACT:
Albania is a net energy importer country. It has inherited some very important power production sources from the communist era, round 1.5 GW installed hydropower plant capacity, mainly allocated in the northern part (Drini cascade 1.4 GW), as well as round 150 MW installed capacity of thermos-power plants (out of which there are active only 50 MW in Fier working with heavy fuels). They use to produce round 7 TWh/year, but still Albania used to import round 40% of their total demand per year due to the high dependence to weather volatility on the hydro-power production.
During the last 30 years of post-communist era there have been a lot of developments, most of which private initiative, increasing installed capacities and production with more than 25%, but still not enough to fulfil the domestic demand during all the year. The main reason is the relay on RES and their volatility due to the weather conditions.
Recently, being integrated part of the regional power market as well, Albania has decided to be highly competitive in this market (WB6) and to be a net exporter of electric energy within end 2025. But still it should be achieved mostly relaying in RES. Diversification will be the key word in this regard, getting use of all RES and other non-carbon polluting possibilities (natural gas, hydrogen, geothermic sources, etc.). Of course, enlarging market coupling initiatives will make all these efforts bankable.
keywords: Power, diversification, efficiency, investments, market development