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Establishment of an Electricity Balancing Market in Albania
Establishment of an Electricity Balancing Market in Albania

CATEGORY: Energy, Markets

LOCATION: Albania

START/END: 2017 - 2018

CLIENT: IFC (member of the World Bank group)

PARTNERS: E-Bridge Consulting (De), Elia Grid International (Be)

PROJECT VALUE: 263,257

LDK’s BUDGET SHARE: 27

STAFF PROVIDED: 4

Establishment of an Electricity Balancing Market in Albania

Type of Services

Provision of all technical, regulatory and legal support to develop, establish and operationalize a working Balancing Market for Albania (ABM). In particular LDK provided:

  • High Level Design of Balancing Market and Imbalance Settlement process
  • Assessment of potential needs for primary or secondary legislation amendments and full development and drafting of detailed ABM rules
  • Recommendations regarding the internal OST organization and Business Processes for operating the ABM
  • Define the setting up of all Organizational issues, Business processes, legal agreements, interfaces and IT tools
  • Training of local stakeholders on the operation of the balancing market

Description

The project consists of all the technical, regulatory and legal support to develop, establish and operationalize a working Balancing Market for Albania (ABM).

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