Moldova plans to create an Energy Vulnerability Reduction Fund.
The Ministry of Labor and Social Protection is holding public consultations on the draft Law on the Energy Vulnerability Reduction Fund, which was initiated in the context of the current energy crisis, the consequences of which are exacerbated by the COVID-19 crisis and the war in Ukraine. The bill is aimed at increasing the level of access to energy resources, preventing and combating energy poverty, ensuring the security of supplies of natural gas, heat and electricity to vulnerable categories of consumers, and increasing the energy efficiency of household consumers. The goal of the project is to reduce the impact of rising energy prices on vulnerable energy consumers. Energy vulnerable will be considered a consumer, a family member or the only person in a family or an entire family who, due to lack of income, family size or other reasons, needs social protection to meet their gas, heat and electricity needs. The fund will be formed from the state budget, European funding or other resources. The fund will be used to provide monthly compensation for electricity, gas or district heating tariffs, as well as a one-time financial assistance for the replacement of household appliances. The conditions for the distribution of the fund's resources will be approved later. The document describes the procedures for providing compensation and the procedure for implementing energy efficiency measures. It is planned that the ministry will maintain a register of energy vulnerabilities and register consumers and certain information about them. The bill is proposed to enter into force on September 1. Consultations are held until July 6: https://bit.ly/3NFA88C. // 04.07.2022 — InfoMarket
