September 2021 regulatory story describes the first months of the new Albanian Balancing Market (ABM) and the rules that govern its operation.
The Albanian Energy Regulatory Authority (ERE) approved the balancing rules for electricity sector with Decision Nr. 106, dating back to 02.07.2020. For the period between July 2, 2020 and March 31, 2021 the rules were applied in a ‘dry run’, without any financial impact for market participants.
The article describes the motivations behind establishment of the ABM, approval process and principles that govern it, main challenges along the way and the observed impact on the electricity market and renewables' integration.
More details about the process are available in the article!