Albania
With a power score of 2.09, Albania ranks number 17 among emerging markets and number 40 in the global power ranking.
- Emerging markets
- Europe
2.09 / 5
Power score
-22 places
Global power rank change
Overview
Albania has a power score of 2.09, which puts it at rank 40 in the global power ranking, and rank 17 in the emerging markets power ranking. In comparison to 2021, Albania has deteriorated in the power rankings by -7 places, from rank 33, to rank 40.
At 2.09, the power score of Albania is lower than the regional average of 2.18 in the Europe region.
Regional power score comparison
Power
Power policy
Albania implements policies in 6/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.
Power policies
Power prices and costs
The average electricity price in Albania has dropped from 135.64 USD/MWh in 2021 to 101.39 USD/MWh in 2022. Since 2017, the average electricity price in Albania has fluctuated between 101.39 USD/MWh (2022) and 135.64 USD/MWh (2021).
Power market
The top amount of capacity installed in Albania in 2022 was in Large Hydro at 70.4%, down from 70.55% in 2021. The technology with the biggest increase in capacity installed in 2022 was Solar PV at 1.17%, up from 0.96 in 2021.
Installed capacity (in MW)
Electricity generation (in GWh)
The largest electricity generating technology in Albania in 2022 was Large Hydro, generating some 69.45% of electricity, down from 69.73% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Solar PV at 0.73%, up from 0.46% in 2021.
Investment in clean energy in Albania was around $351 million in 2022, an increase of 447.28% from 2021 ($64.14 million). Between 2018 and 2022, the highest investment in clean energy was in 2022 at $351 million, while the lowest was in 2019 with $2.25 million.
Utility privatisation
Which segments of the power sector are open to private participation?
Type
Question
Availability
Wholesale power market
Does the country have a wholesale power market?
Doing business and barriers
Type
Question
Availability
Currency of PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Type
Question
Availability
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Type
Question
Availability
Fossil fuel price distortions - Taxes and carbon prices
Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
Transport
Transport policy
Albania implements policies in 3/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.
Transport policies
Type
Question
Availability
Fuel economy standards
Does the country have a fuel economy standard in place?
