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Albania Introduces Temporary Solidarity Contribution on Electricity Producers

|Approved Changes|Albania
Albania

Albania published Law no. 98 of 2022 in the Official Gazette on 17 January 2023, which contains measures for the introduction of a temporary solidarity contribution on excess income of electricity producers in Albania. The solidarity contribution is imposed at a rate of 50% on excess income on the sale of electricity at a price exceeding ALL 8.5 per KWh. Starting from 2023, electricity producers must calculate the excess income based on the average price in the previous year and the ALL 8.5 …

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