The Regulatory Authority for Energy (RAE) and Albania’s Electricity Regulatory Authority (ERE) yesterday signed a memorandum of cooperation on regulatory issues.
The agreement will help the two countries further expand the cross-border trade of electrical energy and better coordinate their activity in the context of the Energy Community of Southeastern Europe, for the creation of a regional power and natural gas market that aims to be incorporated into the single energy market of the European Union.
Deputy Development Minister Anastassios Nerantzis welcomed the signing of the memorandum saying “it will contribute to the common efforts of the two countries toward securing their energy supplies, as well in the broader region of Southeast Europe.”