The tightening of electricity has not stopped. Today, one megawatt on the HUPX international exchange costs an average of 731.05 euros, from 501.71 euros on the same date last month.
While in relation to August 29 of last year, the increase in the price per megawatt has increased by 8 times, after years one megawatt cost 90.46 euros.
According to the energy expert Lorenc Gordani, these prices will be dangerous during the winter, where in the worst case scenario the energy bill reaches up to 1 billion euros.
" These prices will mean that a small amount of energy that is bought on the stock market will cost 7 or 10 times what it was bought on the stock market before. The average prices are 730 euros, but earlier they were below 100 euros, this is a big burden for the KESH company. The projections are that so far the energy bill will reach at least 600 euros this year. We have imported 200 million euros per year, but it has never exceeded 600 million euros. While the worst scenario is not known, we must prepare for the worst scenario, which could reach up to 1 billion euros, but it depends on how much power the state budget has to import and we may also have power outages. The winter will be even more difficult, even a more extraordinary situation ", says Gordani.
While KESH, which has so far spent almost 260 million euros to import energy, this month alone has canceled 4 auctions due to stratospheric prices.
" Kaskada is trying to do management, but it doesn't have the opportunities to do more, but the exchange should work, since we don't participate in any mast exchange. That is why we have a higher import bill. "Energy saving should start, but energy reduction cannot be achieved by Facebook, because in reality it has no effect" , the expert claims.
Due to high consumption and the drought, from October 1 all those who consume more than 800 kilowatts per month will pay the energy at the market price, which is several times higher than the 9.5 lek that households currently pay per kilowatt. However, according to Gordani, the bandage will not bring much effect, while he suggests the initiation of savings first by the public authorities.
" Putting on a bandage is a measure that will not bring an extraordinary effect as it will open up a number of problems. EU countries have started to put savings on public authorities, while in Albania the public authorities here are increasing the bill like the water supply. Bandage is not a solution, it cannot be effective, but maybe it would make us aware somehow" , said Gordani.
As he considers the situation in Kosovo as an alarm bell because the power cuts have started as a result of the crisis, Gordani says that there may be cuts in Albania as well since there are only three ways to deal with the situation.
" Injection to buy energy, but it will burden the bill of KESH, second is the investment in energy saving, but it requires a lot of investment, and third is the extraordinary situation of the power cut ", said Gordani.
Gordani also drew attention to Belgium's warning that talks about a critical energy situation for up to 10 years due to the impact of the war.
" Belgium has warned that the energy crisis will last up to 10 years, and could be devastating for budgets. So the state budget will be forced to inject more budgets. Countries are not managing to guarantee reserves for natural gas for the winter, and the increase in the price of electricity has also been caused ," he said.
The day before, after Belgium's energy minister warned that EU countries will face "five to ten terrible winters" if measures are not taken to reduce natural gas prices. Minister Tinne Van der Straeten writes on Twitter that energy is being produced at a much lower price than the price at which it is sold.
" There is no longer any relationship between the cost of production and the selling price. This European electricity pricing system needs to be reviewed. The next five to ten winters will be terrible if we do nothing ," the minister writes.
Within the framework of the sanctions imposed on Russia for the war in Ukraine, the EU countries have reduced imports of Russian gas, and on the other hand, Russia itself has limited supplies, and as a result, the increase in energy has continued.