What is the new energy compact with Kosovo?

This new Compact with Kosovo will expand energy security by increasing the energy storage necessary for a green and just transition, train a host of forward-thinking young leaders with a focus on gender equity in the energy sector, and facilitate more significant foreign investment in Kosovo’s energy market.

Why is electricity expensive in Kosovo?

Usually, in Kosovo the imported energy is much more expensive than export. This is because Kosovo imports energy one day before needed, in the other hand energy is exported during the night when the demands are under generating level. Imports and exports have a negative impact for electrical energy price.

Does Kosovo need a lignite power plant?

Kosovo, rich in lignite coal reserves, relies on outdated Yugoslav-era power plants that cannot meet its increasing energy demands. The 2023 National Energy Strategy aims to raise renewable energy to 35% of the energy mix, reduce greenhouse gas emissions by 32%, and phase out a lignite-fired power unit by 2031.

Which companies are affecting the energy sector in Kosovo?

Besides government institutions, there are also companies with great impact in energy sector such as Kosovo Energy Corporation ( KEK ), Transmission, System and Market Operator ( KOSTT) and Kosovo Electricity Distribution and Supply (KEDS). A lot of legislative documents that aim the adjustment of electricity sector have been approved.

Who regulates the energy sector in Kosovo?

Regulation of activities in energy sector in Kosovo is a responsibility of the Energy Regulatory Office (ERO). An additional factor in the energy sector in Kosovo is Ministry of Economic Development (MZHE), which has the responsibility of dealing with issues that have to do with energy. MZHE prepares legislation and drafts strategies and projects.

How does unreliable electricity affect Kosovo?

Unreliable electricity results in frequent supply disruptions, requiring Kosovo to rely on costly emergency energy imports and highly polluting sources such as coal-fired plants to meet its electricity needs. "This is going to be the largest and most innovative energy investment in Kosovo to date,” said Prime Minister Kurti.