The Albanian Competition Authority has begun monitoring bread prices in response to recent increases in electricity tariffs set by the Energy Regulatory Entity (ERE). This initiative follows notifications from local bakeries regarding a potential rise in bread prices.
The Authority has warned that any agreements among businesses to increase bread prices could violate competition laws, leading to administrative penalties of up to 10% of the previous year’s turnover for those found in violation.
“We remind bread production and trading enterprises that violations of Law 9121/2003 on the Protection of Competition can result in significant fines,” stated the Authority.
While some bakeries continue to sell bread at previous prices, many are expressing concerns about the impact of rising electricity costs. A local bakery owner commented, “We have not yet raised the price of bread, but the increased electricity rates leave us with little choice.”
Under the new regulations, electricity prices for bakeries are set at 7.6 Lekë per kWh, with peak hour rates climbing to 8.74 Lekë. For bakeries that also operate as pastry shops, rates are slightly higher, at 9.5 Lekë per kWh, reaching 10.93 Lekë during peak hours.
This monitoring of bread prices is part of a broader effort to ensure fair competition and protect consumers as costs rise across the economy.
