In October, Energocom purchased electricity at a higher price than the previous month, due to changes in the supply structure and a shift in purchases toward more expensive consumption hours. Imports continued to account for the bulk of the supply, while a significant portion of demand was met through domestic generation and market mechanisms.
The estimated purchase price of gas contracted by Energocom for November is approximately 87.271 euros/MWh, compared with 76.346 euros/MWh in October
The state-owned company Energocom announced that it has completed its gas preparations for the cold season and is now moving on to forming its electricity procurement portfolio. The company plans to cover the shortfall by sourcing from external markets, taking into account regional market conditions and the availability of transmission capacity.
Moldova successfully tested a mechanism for purchasing gas in Ukraine, and Energocom acquired its first 2 million cubic meters of gas on the Ukrainian exchange at a price lower than that on the TTF spot market
Electricity prices for end users in Moldova could rise by up to 15% — ANRE
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)
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