EU & WBs / Albania Energy Market Updates

EU & WBs / Albania Energy Market Updates

Presentation of Albanian Centre for Energy Regulation and Conservation - ACERC

ACERC is a think tank centre with focus in Albania energy market and its integration on 8th Regional Area & EU IEM. The ACERC mission aim to provide a qualified contribution to the promotion of the liberalization and the effective integration as well as the efficient use of energy resources.

ACERC main activities profiles briefly consists in the release reports, articles and periodicals. In cooperation also with collaborates the offering of the activities that support capacity building of market actors, such as national and regional seminars, trainings and conferences. Initiatives completed by advocating in the energy sector promoting a forum called in Albanian School of Regulation.

For more visit us at the Official Website of Acerc | Albanian Energy Market - AEM Group in LinkedIn

OSHEE Open Tender for Purchasing of Electricity for Period 01.10.2016-31.10.2016 by OSHEE 26-09-2016

AEM Updates 2016Posted by Adv. Lorenc Gordani, PhD Mon, September 26, 2016 20:17:27

Term and Subject of the Contract foresee the Parties agreed to sell and deliver, and buy and accept electricity during delivery period from 01.10.2016– 31.10.2016, continuous delivery from Monday to Sunday from hours 00:00 through 24:00.

Delivery of electricity shall be guaranteed during the full Contract term except where the Seller's Non-performance is excused by an event of Force Majeure and/or non-performance due to Remounts and tripping of the interconnection transmission lines, under Clause 10 and 11, or the Buyer's failure to comply with the terms and conditions of the Contract. Buyer shall accept and pay for the electricity delivered by the Seller according to the Clause 1 of the Contract.

Electricity shall be delivered and accepted at the following delivery/acceptance point(s) inside Albanian High Voltage Grid, delivered in base load, 0 – 24 h CET. Title to, and risk of loss of, energy delivered under this contract shall pass from the Seller to the Buyer at the delivery point.

Parties shall confirm the schedules of electricity delivery/acceptance with the Administrator of the Contract for the whole electricity supply in accordance with all applicable rules and other customary industry practices and procedures. The daily schedule shall be agreed between Parties with weekly agreements, i.e. each Thursday up to 12:00 h; daily programs shall be declared and agreed for the next week, Monday till Sunday.

In case that the agreed weekly programs are changed, the Parties are obliged to inform each other thereof until 12:00 h CET on day ahead or intraday basis. The delivery program will be agreed under mutual confirmations. In case of changes to the Weekly Delivery Schedules pursuant to above mentioned paragraph, the Daily Delivery Schedules shall be considered fulfilled with a maximum daily tolerance of ± 10% baseload, only under the condition that the total Quantity agreed by this contract is 100% realised. The delivery/acceptance of electricity shall be carried out in accordance with the common conditions of the Union for the Co-ordination of Transmission of Electricity (UCTE).

The Seller of electricity shall transmit to the Buyer in the course of the calendar month following delivery of electricity according to the Delivery Schedule for the previous month an invoice setting forth the total quantities of electricity that were sold by it in the previous calendar month (invoicing period), whereas the respective invoice must bear the issuance date September 30st, 2016. The invoice shall clearly state the price and value of delivered electricity in EURO, whereas based on such value of OSHEE Sh.a electricity the amount of VAT shall be calculated and included in the invoice.

In connection with such invoice the Seller may state all amounts then owed between the contracting Parties which are closely connected and derive from the obligations of this Contract. The Buyer is obliged to pay no later than on 90th day following the last day of delivery, in this specific case, January 30th 2017. Overdue payments shall bear interest from and including the due date for payment, up to the date of late payment if such is made, at a rate equal to the one month EURIBOR for 11:00 a.m. on the due date plus 2% per annum.

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