In order to cope with the unprecedented energy crisis, the Republic of Moldova bought electricity for a total amount of 51.6 million euros from OPCOM (a company created for the liberalization of the electricity market) during one month. This is approximately two-thirds of the needs of the Republic of Moldova, being the most expensive purchases in the industry. Thus, the weighted average price for 1 MWh of electricity purchased on the Romanian stock market in one month amounted to 231 euros, said the interim director of the state energy company Energocom Victor Binzari, quoted by deschide.md.

• A very serious situation in the Republic of Moldova: the deficit of the electricity system on Tuesday was 74% / The only chance is electricity from Romania, but the government in Chisinau complains that it is expensive

“Until recently, the Republic of Moldova had access to cheap energy resources, but the war in Ukraine and the limitation of gas supplied to Moldova forced us to find other sources, the closest market of which is Romania,” says Victor Binzari.

According to him, all power producers sell to OPCOM at the same price, and then OPCOM sells that power to customers. Everyone pays the same price for each time slot.

At the same time, OPCOM prices have been increasing in recent days, as in all European countries. First of all, these are seasonal factors – demand increases closer to winter. In addition, the war in Ukraine and damage to the energy system in a neighboring country have undermined prices in the region, the quoted source said.

To gain access to the electricity market in Romania, SA Energocom had to open a branch, obtain a trade license from ANRE Romania, have accounts and bank guarantees in one of the Romanian banks, register on the balancing market, sign contracts with operators. , register on the cross-border capacity reservation platform and register on the stock exchange.

A license obtained in one EU country facilitates registration in other markets in the member states. SA Energocom is currently in the process of obtaining a license in Bulgaria, and is also interested in other markets in the region. In addition, the company seeks to find other partners to sign bilateral contracts, desdechi.md writes.

State-owned company Moldelectrica reported that not all of the country’s projected electricity consumption had been contracted as of Tuesday, predicting a shortfall of around 74. The expected shortfall will be covered by an emergency power supply contract, the company said.