EU & WBs / Albania Energy Publication Centre

Risk – Related Regulatory Investment Incentives for Projects of Energy Community Interest, Recommendation Paper April 2015

AEL Updates May 2015Posted by Adv. Lorenc Gordani, PhD Sat, July 25, 2015 08:56:26

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.

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RENEWABLE ENERGY Market Analysis and Forecasts to 2020 International Energy Agency (IEA)

AEL Updates May 2015Posted by Adv. Lorenc Gordani, PhD Mon, May 11, 2015 09:11:40

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.

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Magazine Banker "Energy Costs Benefits Opportunities" Albanian Association of Banks (AAB) (in Albanian language)

AEL Updates May 2015Posted by Adv. Lorenc Gordani, PhD Sun, May 03, 2015 11:11:36

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)

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