Electricity reserves, KESH damage to OSHEE, 200,000 EUR in two days
Despite the severe energy crisis, the Albanian Energy Corporation (KESH) has concluded a bid for selling energy. According to the corporate, they have sold 15,300 MW/H energy for the peak hours, from 18:00 to 23:00, with an average price of 73 EUR for MW/h. For the moment the sale was made on paper, because the current reserves cannot cover it. But where will KESH find this energy? They admit that the purchase was made outside November plans, but because the contracts for November were concluded, they couldn’t make purchases or sales with the public company for energy distribution, OSHEE. They expect the reserves to get higher, since, based on meteorological prediction, there will be heavy rains in the weekend and the Drin River will be full. To not let the water go in vain, turbines will be working full power, and the additional energy that is going to be produced will be sold to private companies in the free market. Top Channel has learned that some of the companies which have bought this energy are the same ones that sell it to the Albanian Energy Distribution Company, OSHEE, with a visibly higher price, 85 EUR per MW/h, or 12 EUR more. Private companies will be earning at least 200,000 EUR from this operation, and KESH claim they are forced to do it. But OSHEE say they have not been notified by KESH for the surplus energy, although KESh has a legal obligation to do it. OSHEE say that their specialists don’t advise exportation, with the reserves in such low levels. They also refute the argument of KESH that the contracts of November are now concludes and don’t allow for new purchases. According to OSHEE, the agreements between the two public operators can be reviewed at any moment. This situation, with private operators buying energy from KESH and selling it to OSHEE for profit, has happened even two years ago, when private operators made a 7 million EUR profit. Only after the news was made public, the Energy Regulation Entity was forced to offer surplus energy to the OSHEE first, which did not happen in this case
