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"Denar Biba at the head of the Competition Authority" / Erion Braçe makes the opposition and explodes openly against the candidacy: I have reservations about the integrity of the gentleman, when I am face to face ...

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Ekonomia

Energy crisis, the price for big business is expected to increase by 7 percent, OSHEE agreement with the EBRD to cover costs

Energy crisis, the price for big business is expected to increase by 7 percent,

The price of energy for big business is expected to rise by 7 percent. Even the deputy. The Prime Minister of the country, Arben Ahmetaj, yesterday from the next session of the Assembly said that there will be no price increase for small business, thus making the burden fall on big business. Big business beyond the pandemic crisis next year will also face a more expensive energy bill. The representative of "Pro Eksport" Florian Zekja said yesterday in the media, that a tariff increase of 7% for next year is already being discussed. Zekja explains that they can not transfer the cost to customers. If a calculation is made, a business that pays 1 million ALL if such an increase were approved would pay about 70 thousand ALL more. Rising energy costs would create another business burden. Currently many large businesses continue to be supplied by the electricity distribution operator. They have not been able to enter the free market due to costs and bureaucracies. The cost of electricity occupies a significant share in the fason business which reaches up to 15% of the monthly turnover.

OSHEE agreement with EBRD

Meanwhile, the Distribution System Operator will receive a 70 million euro loan from the EBRD, to finance the negative consequences caused by the Covid-19 pandemic. This loan is not being taken to cope with the global energy crisis but for the consequences the pandemic caused last year. This loan agreement was signed on September 8 and will enter into force after the approval of the draft law in the Assembly. "The loan agreement and the guarantee agreement, which were signed with the EBRD on 8.9.2021, aim to provide funds in the form of loans on favorable terms, to support the company to ensure economic and financial stability, in the amount of total up to 70,000,000 euros ", it is said in the report of the draft law submitted to the Assembly. Through this loan OSHEE will provide the necessary liquidity after last year's crisis. Also 70 million euros will be used to improve Albania's energy sector which extends in multiple directions: structural, operational and financial. "OSHEE company during 2020 has faced not only the situation of extreme drought, but to this situation was added the situation of Covid-19, which had additional negative effects on the finances of OSHEE Group, sh.a., facing society with a situation unimaginable before. OSHEE Group, JSC, has immediately taken extraordinary measures to cope with the situation, totally suspending the investment plan for 2020. But these measures solve the current situation of OSHEE to overcome the situation, but gave consequences of serious technical and financial stability, as well as the achievement of its indicators, based on the financial consolidation plan of the sector ", it is said in the report, among others. This loan is being taken in conditions when the whole world is threatened by the energy crisis, while in Albania a state of emergency has been declared and all investments of OSHEE, OST and KESH have been suspended.