Europe
With a power score of 2.31, Albania ranks number 17 among Emerging Markets and number 5 in the Europe region
Power score
2.31/5
Score over time
2021 - 2024
Albania has a power score of 2.31, which puts it at rank 17 in the Emerging Markets power ranking.
At 2.31, the power score of Albania is worse than than the regional average of NaN in the Europe region and puts it at rank 5 in the region.
Albania implements policies in 7/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Net metering, Import tax incentives, VAT incentives, and Renewable Energy Certificates.
The average electricity price in Albania has increased from 101.39 USD/MWh in 2022 to 139.63 USD/MWh in 2023. Since 2017, the average electricity price in Albania has fluctuated between 101.39 USD/MWh (2022) and 139.63 USD/MWh (2023).
The top amount of capacity installed in Albania in 2023 was in Large Hydro at 60%, down from 64.37% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 4.99%, up from 0% in 2022.
The top amount of electricity generated in Albania in 2023 was in Large Hydro at 62.79%, up from 60% in 2022.
Investment in clean energy in Albania was around $192.29 million in 2023, a decrease of 45.22% from 2022 ($351.00 million). Between 2018 and 2023, the highest investment in clean energy was in 2022 at $351.00 million, while the lowest was in 2019 with $2.25 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.