Moldova's Cabinet of Ministers will announce next week an energy compensation program for businesses and calls for shifting part of production process to night time to reduce energy consumption during peak hours
This was announced by Prime Minister Dorin Recean at a meeting with representatives of large companies and business associations, at which they discussed ways to regulate energy consumption at the enterprise level and how the state will support the business environment. Prime Minister and business representatives discussed the current situation in the energy sector and the actions the government is taking to manage the situation. The risks are related to the cessation of natural gas supplies by Gazprom to the left bank of the Dniester, as well as to the shelling of Ukraine's energy infrastructure. “Purchasing electricity in emergency mode will entail increased costs. In the long term, we need to adapt to the market price of electricity, as we did with natural gas. By the end of 2025, we will have an independent infrastructure for electricity supply,” Dorin Recean said. He stressed that, similarly to the compensation program for citizens, a compensation program for businesses will be announced next week. At the same time, the head of the government asked businesses to analyze the possibility of shifting some activities in the production process to night time in order to limit energy consumption during peak hours. “The government has all the technical scenarios ready to ensure energy supply, but we also need to implement cost-saving measures. We will minimize outages and in case of outages, we will ensure effective communication to ensure predictability for all consumers,” Prime Minister stressed. Companies were also advised to take advantage of subsidy programs for renewable energy and energy efficiency projects. “In 2024, investment in solar and wind power has increased significantly and we will continue to encourage this. We should use this as an additional opportunity to invest in renewable energy sources,” Prime Minister concluded. On December 16, state of emergency was declared in Moldova due to the risk of Russia cutting off natural gas supplies to the left bank of the Dniester/Nistru River, which could lead to a humanitarian crisis in the region and the stoppage of electricity production at MGRES. As of today, the government has a crisis headquarters operating to ensure effective emergency management. // 27.12.2024 - InfoMarket.
