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Albania energy report
- Albania is slowly transposing the European acquis, with significant delays in the adoption of new legislation.
- National power utility KESh dominates power generation, while Bankers Petroleum accounts for most of oil and gas production.
- The power supply, which is highly dependant on hydropower, fell by 22% in 2022.
- Oil production is limited and decreasing.
- Electricity prices are much lower than the EU average, while gasoline and diesel prices are close to EU prices.
- Energy consumption has increased slightly since 2010.
- Oil and hydropower dominate the energy mix.
- The country continues to develop its hydropower potential and is also accelerating on renewables with PV projects and the launch of the first wind power auction.
- The country will benefit from the TAP gas pipeline.