Albania is set to establish its first energy stock exchange as part of the government's plans to liberalise the electricity market, the infrastructure ministry said on May 16.
The bourse will be set up in line with European directives to advance reforms in the energy sector.
The decision to establish the energy bourse was approved by the council of ministers on May 15.
"The bourse will operate on the basis of a day-ahead and intraday market platforms," Infrastructure and Energy Minister Belinda Balluku said.
The decision was made possible thanks to the cooperation of the International Finance Cooperation (IFC) and the European Energy Community Secretariat.
“The establishment of the Albanian Energy Stock Exchange marks a new standard of operation and transparency in this sector and will be an incentive for the deregulation of the electricity market,” Balluku said.
The energy stock exchange is expected to increase security of the electricity supply, and to lead to regional and wider integration of the market, as well as more investments in the sector.
The bourse will be run by a joint stock company that will be established by the state-owned transmission system operator, OST.