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Energocom has signed a memorandum of cooperation with Towarowa Giełda Energii (TGE), the electric energy market operator and the only commodity exchange in Poland.

Energocom has signed a memorandum of cooperation with Towarowa Giełda Energii (TGE), the electric energy market operator and the only commodity exchange in Poland.

The ceremony took place within the Moldovan-Polish business forum held on April 5, on the eve of the visit to Moldova of Polish Prime Minister Mateusz Morawiecki. Energocom said the document opens up new opportunities for the state company to cooperate in order to adopt Polish experience and enter a new market. "In addition to the exchange of knowledge and experience provided by Polish colleagues, this document will be like an open gate for access to the exchange and energy market in Poland at any time," said Victor Binzari, interim director of Energocom. "By signing the memorandum of cooperation TGE made the first step on the Moldovan energy market. There is investment potential due to the urgent need to modernize and transform the Moldovan economy, and our company's activity is consistent with the development of Moldovan-Polish relations and Moldova's desire to become closer to the European Union," said Piotr Listwoń, Vice President of the Management Board of Towarowa Giełda Energii. In October 2022, Energocom was listed on the Romanian Stock Exchange after opening a branch and obtaining a license, and subsequently purchased electricity and natural gas there. // 05.04.2023 - InfoMarket.

News on the subject

Gasoline prices in Moldova increased against the background of the growth of quotations for oil and oil products after the announcement of the OPEC + countries on the reduction of oil production.
Gasoline prices in Moldova increased against the background of the growth of quotations for oil and oil products after the announcement of the OPEC + countries on the reduction of oil production.
The price of gas supplied by Gazprom to Moldova will amount to $673 per 1,000 cubic meters in April 2023.
The price of gas supplied by Gazprom to Moldova will amount to $673 per 1,000 cubic meters in April 2023.
Energocom has signed a six-month power supply contract with Moldavskaya GRES and managed to reduce its purchase price from $73 to $66 per MWh.
Energocom has signed a six-month power supply contract with Moldavskaya GRES and managed to reduce its purchase price from $73 to $66 per MWh.
Energocom bought 24 MWh of natural gas for the first time on the Romanian Commodity Exchange at 1 MWh per hour.
Energocom bought 24 MWh of natural gas for the first time on the Romanian Commodity Exchange at 1 MWh per hour.
Moldova intends to implement ambitious plans in the energy sector in the coming years and become a testing ground for innovative technologies.
Moldova intends to implement ambitious plans in the energy sector in the coming years and become a testing ground for innovative technologies.
Gas supplies to Moldova from Gazprom may completely stop in April and there is still a risk of unilateral termination of the contract due to non-compliance with the audit of the historical debt.
Gas supplies to Moldova from Gazprom may completely stop in April and there is still a risk of unilateral termination of the contract due to non-compliance with the audit of the historical debt.