Moldova explained how the gas tariff is calculated and why its increase is primarily due to external market conditions. The Ministry of Energy also highlighted the cost structure within the supply chain and announced measures it is preparing to support the most vulnerable consumers.
In September, Energocom increased its electricity purchases amid new market conditions, with imports continuing to account for the bulk of the volume. The company also notes a change in the structure of its purchases, which affects the weighted average price and highlights the role of peak hours and contracts with regional suppliers.
The state-owned company explained why it was unable to secure the entire volume of gas in advance for the upcoming cold season: the decision was influenced by the repayment schedule for the credit line, the characteristics of the liberalizing market, and the need to synchronize purchases with transportation capacity. Energocom also noted that when planning supplies, it relies on international price indicators and strives to avoid additional costs for consumers.
The estimated price of gas contracted for October turned out to be lower than the level the regulator had factored into the fourth-quarter rates. Energocom explains that the final figure is determined based on a market formula and the results of procurement procedures; the full version of the report includes the calculation details and the factors that influenced the price.
In Moldova, new, higher natural gas rates for all Energocom customers took effect on October 1
The Ministry of Energy has announced its readiness to undergo a professional audit of gas procurement and the risk management system at Energocom amid disputes over prices and supply terms. The ministry asserts that purchases were made in accordance with an approved strategy and international procedures, and explains how the company's expenses were calculated and how the loan proceeds were allocated.
In Moldova, natural gas prices for residential consumers will rise by 28.8% starting October 1—from 18.79 to 24.2 lei per cubic meter, excluding VAT (from 20.3 to 26.14 lei, including 8% VAT)
Rising natural gas prices could affect electricity rates for end users in Moldova; however, the regulator has not yet specified the potential extent of any rate adjustment. The National Agency for Energy Regulation (ANRE) notes that the impact will depend on requests from producers, the structure of purchases, and the situation on foreign markets, where the country meets a significant portion of its needs.
Energocom is asking NARE to raise the natural gas rate for residential consumers in Moldova by another 29.4%—from 18.79 to 24.31 lei per cubic meter, excluding VAT (from 20.3 to 26.25 lei, including 8% VAT)
Energocom's management has waived a portion of salary payments, which account for a significant portion of the company's employees' compensation, and has also postponed a number of investments in information systems planned for this year, which will result in total savings of approximately 17.5 million lei by the end of 2026.
Energocom reported that Moldova's power grid will face a commercial electricity shortage during four time periods today
The price of natural gas on the TTF on September 21 stood at 77.31 euros/MWh following various fluctuations last week - Energocom
Energocom issued and sent out more than 681,700 invoices for gas consumed in August, and the total volume of gas included in the invoices exceeded 9.33 million cubic meters
Another increase in gas prices for end users in Moldova is highly likely, given the continued rise in gas prices, but clarity will emerge once Energocom reports the average purchase price for September—Ministry of Energy
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