The Albanian Power Exchange (ALPEX) has officially become operational today with the introduction of a day-ahead market and the start of trading.
The bourse was launched during a special ceremony organised on Tuesday, while Kosovo is expected to launch its bourse in autumn, after which the two markets are expected to unite.
According to the minister of Energy, Belinda Balluku, "this marks a new step, a new challenge for the creation of liquidities that this bourse will have".
"The Albanian government's priority is to protect consumers from the market's high prices," she added.
Albania and Kosovo completed the regulatory framework for ALPEX last year. According to an announcement from December, the introduction of a day-ahead market and the start of trading were expected in the second half of this year.
Earlier this month, Albania and Montenegro agreed to establish another electricity interconnection.
The Montenegrin Power Exchange – MEPX was supposed to be launched by the end of 2022 with the introduction of a day-ahead market, but the go-live was pushed back to April. North Macedonia is preparing to launch an electricity exchange in May.
Serbia’s SEEPEX, still the only power bourse in the Western Balkans, scheduled the introduction of an intraday electricity market for June.