Securing Equilibrium: Moldova's Energy Market Reforms Unveiled
On the electric energy market in the Republic of Moldova, a fiscal monopoly may be introduced by the end of 2025.
This entails the exclusive purchase of all electricity generated by the Cuciurgan Power Plant by the state enterprise Energocom, with subsequent distribution to other suppliers. According to Constantin Borosan, Secretary of State at the Ministry of Energy, this measure is deemed necessary to maintain equilibrium and ensure all consumers have access to electric energy at favourable prices, particularly given the continued vulnerability of the energy market in our country.
"In addition to providing consumers with advantageous prices, maintaining competitive tariffs is crucial, as the state budget cannot allocate funds for the energy vulnerability reduction fund," explained Borosan.
The proposed project is subject to approval by both the Competition Council and the National Commission for Fiscal Monopoly. It should be noted that the fiscal monopoly could only be introduced until the end of 2025.
"We anticipate the completion of the power line connecting us to Romania: Isaccea-Vulcănești-Chișinău by the end of 2025. Once operational, this line will provide a direct connection to the European Union and Romania," added the official.
In May, the Cuciurgan Power Plant is expected to deliver over 277 thousand mW/h of electric energy to the right bank of the Dniester, constituting approximately 75 percent of the total demand.
Translation by Iurie Tataru
