EU & WBs / Albania Energy Publication Centre

It is widely recognized that the general
“financial climate” for energy networks infrastructure projects, i.e. their financial
viability, is significantly influenced by the applicable regulatory framework.
Being subject of price regulation, electricity and natural gas transmission
companies reimburse their capital and operational expenditures based on pricing
mechanisms (price controls) developed by the NRA.

Normally, well-designed price controls should
ensure recovery of all prudently incurred costs, including investment projects
costs, taking into consideration at least the average systematic risk of the
TSO’s investment portfolio via the regulator’s estimate of the cost of capital
(more precisely, equity risk premium, usually using firm’s beta23), but also
other risks depending on the features of the applied model of price regulation.

ECRB recognizes that the PECI promoters may be
exposed to additional non-controllable risks that were not observed or
accounted for by the NRA while setting the price controls, and that such risks
may adversely influence both the project promoter’s decision to invest and the
lenders perception of the bankability of the project.

For more find the below document.

RENEWABLE ENERGY Market Analysis
and Forecasts to 2020

International Energy Agency (IEA)

Medium-Term Market Report EXECUTIVE SUMMARY 2014

In 2013, new renewable power capacity expanded at its fastest pace to date. Globally, renewable
generation was estimated on par with that from natural gas.

Over the medium term, renewables face a transition period. Despite strong anticipated generation
growth, new generation, capacity additions and investment in renewable power are all expected
to level off through 2020. Biofuels for transport and renewable energy use for heating and cooling
face slower growth and persistent policy challenges.

Even with growing competitiveness, policies remain vital to stimulating investment in capitalintensive
renewables. Scaling up deployment to higher levels would require stable, long-term policy
frameworks and market design that prices the value of renewables to energy systems and increases
power system flexibility to ensure system adequacy with greater variable renewables.

For more click here.

Magazine Banker “Energy Costs Benefits Opportunities”, No. Magazine
Banker 14 – January 2015, Albanian Association of Banks (AAB)

Revista Bankieri
“Energjia, kostot përfitimet mundësitë”, Revista Bankieri Nr. 14 – Janar 2015, Shoqata Shqiptare e Bankave ( AAB)

For more click here