3.6 RENEWABLE ENERGY LAW The objective of the RES Law is to facilitate the harnessing of Albania's significant renewable energy resources, in particular in the area of hydroelectric plants, biomass and biofuel resources. Through the Energy Community, Albania has set a binding target of 38% of its gross final energy consumption to be fulfilled from renewable energy by 2020, which is an ambitious target compared to 33.1% in 2014, mostly due to the increase of final energy consumption. Specifically, the RES Law will introduce a renewable energy support scheme for electricity based on Contracts for Difference ("CfDs"), which takes into account the creation of a competitive day-ahead electricity market. The details of the CfD-based support scheme will need to be closely coordinated with the drafting of Market Rules described earlier. An effective CfD mechanism will require a robust reference price that RES generators can access through a liquid wholesale market. This should be available once the Market Model has been fully implemented. IMPLICATIONS FOR THE ROLES OF KEY POWER SECTOR INSTITUTIONS