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The Albanian government plans to reduce the electricity price for citizens in 2025

by AI | 02.Jan 2025 | Europe in brief AI

Balluku stated that the enterprises managing the sector have provided better services but have also recorded stabilization of their finances, creating the possibility that during the year 2025 the price of electricity will be reduced for all Albanians.

Deputy Prime Minister Belinda Balluku during an inspection at the Albanian energy company (Photo: Albanian Ministry of Infrastructure and Energy)

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The good management of the energy sector in Albania is expected to lead to a reduction in electricity prices for consumers. The decision is expected to be made in the coming weeks. 

The Albanian Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, in her New Year’s greeting message, emphasized that there will be several important projects this year.

Firstly, she listed the important project of Corridor 8, where work is being done to build a connection that will breathe new life not only into Albania but also into the countries of the region. 

“Corridor 8 will be connected to the new port in Porto Romano, whose tender is an international competition and is now open. Porto Romano will serve Kosovo and North Macedonia, but it will also be a security port as it will also host a NATO base,” said Balluku.

Focusing on energy, Balluku stated that the companies managing the sector have offered better services but also have marked a stabilization of their finances, creating the opportunity for the electricity price to decrease for all Albanians by 2025.

“We have reduced the loss level to 17.83%, generating additional income for companies and enabling a reduction in energy prices. We have also managed to cope with the high demand for energy during the summer season,” said Balluku.

The price of energy is 9.5 lek per kilowatt for families, while pensioners since 2015 receive an additional compensation in their pension for electricity in the amount of 648 lek. (January 2)

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