Albania: OSHEE bought 315,704 MWh of electricity via auction

, SEE Energy News

Albanian electricity distribution system operator OSHEE bought a total of 315,704 MWh of electricity worth some 27.8 million euros, which will be delivered in two lots in December, via auction organized on 22 November.

A total of 28 electricity traders have participated in the auction, of which OSHEE selected the offers submitted by seven companies: EFT, GSA, Future Energy Trading, Devoll Hydropower, GEN-I, AXPO and Ayen Energy Trading. The average price for the first lot (00:00 – 24:00) amounted to 70.97 euros/MWh, and 93.36 euros/MWh for the second lot (07:00 – 23:00).

In the second half of 2017, Albania was forced to import the majority of its domestic electricity consumption due to severe drought, which diminished production in hydropower plants. During June and July, Albania spent over 50 million euros on electricity imports, since it is forced to meet up to 80 % of its electricity demand from import.

The country produces almost 100 % of its electricity at HPPs, majority of which is produced at three HPPs on the Drin river: 600 MW HPP Koman, 500 MW HPP Fierza and 250 MW Vau te Dejes.