The Albanian Energy Regulatory Agency (ERE) has decided to postpone the introduction of higher electricity prices for residential consumers who spend more than 800 kWh of electricity per month. Instead of 1 October, the hike will be introduced as of 1 November, with the new prices valid until the end of the year.
According to previous proposal, the price of electricity for residential consumers whose monthly electricity consumption exceeds 800 kWh will increase to 0.3 euros/kWh from 0.082 euros/ kWh, the move made to reduce electricity consumption amid the energy crisis.
Albania generates almost all of its electricity from hydropower plants, whose production significantly dropped due to drought this year, which forced the country to import expensive electricity in order to cover the domestic demand.
