Albania has announced a 1 lek per kilowatt-hour reduction in electricity prices for household consumers, a move Prime Minister Edi Rama called a significant policy shift.
In a press conference following the announcement, Rama explained that the reduction—from 9.5 lek to 8.5 lek per kilowatt-hour—was a result of the country’s growing energy production and improved economic conditions. He also reaffirmed the government’s long-term goal of making Albania a net exporter of energy by the end of its fourth term.
“This decision goes against the broader regional trend where energy prices are rising,” Rama said. “It is the outcome of careful planning and extensive discussion.”
Albania, which is leading the region in solar energy production with 196 megawatts generated by private households and businesses, is aiming to expand its renewable energy sources. The country is also focusing on wind and solar power as part of its broader strategy to increase energy independence.
The price cut will come into effect on February 1, 2025, and will apply to electricity consumption of up to 700 kilowatts. For higher consumption, the price will remain unchanged at 9.5 lek per kilowatt-hour. These rates will be in place until December 31, 2025.
Belinda Balluku, Deputy Prime Minister and Minister of Infrastructure and Energy, noted that Albania’s shift to a unified electricity tariff in 2015 paved the way for the current reduction. She emphasized the government’s commitment to renewable energy and the goal of becoming a net energy exporter by 2029.
This change in pricing will only affect households, with businesses and institutions continuing to pay the previous rates.
