Does Moldova need alternative energy suppliers?

Increasing energy costs and Moldova’s initiatives to diversify its gas and electricity sources present an opportunity for alternative energy suppliers. The government intends to increase the proportion of renewable energy in the energy mix through funding significant renewable energy projects through competitive procurement.

Does Moldova have energy independence?

The nation’s energy independence ranks among the lowest in the world. Moldova has pledged to execute the reforms outlined in the European Union’s Third Energy Package, a set of laws established in 2009 that aims to create integrated and competitive natural gas and power markets.

How has Moldova reformed and largely privatized its energy distribution system?

Moldova reformed and largely privatized its energy distribution network, including Premier Energy, a private corporation that controls 70 percent of the country’s electric distribution system, as part of the reforms. The government intends to privatize the remaining state-owned electric distribution and supply firms, RED Nord S.A. and FEE Nord S.A.

Does Moldova have an energy crisis?

Moldova has had a number of exogenous energy crises, such as the one in 2009, when the European Commission activated its Community Mechanism for Civil Protection to assist the local population affected by the gas outage during the political dispute between Ukraine and the Russian Federation.

Does Moldova use natural gas?

Moldavskaya GRES (MGRES) provides the majority of the remaining 80 percent of energy in the separatist area of Transnistria. Ukraine is also a supplier of electricity to Moldova. Moldova’s natural gas use is virtually entirely dependent on imports from Russia. MGRES transforms Russian natural gas into electricity for sale on the right bank.

Does Moldova have a natural gas monopoly?

Moldova continues to make progress on unbundling Moldovagaz, the vertically integrated natural gas monopoly, in order to meet the objectives of the Third Energy Package. Transgaz of Romania finished the Ungheni-Chisinau Pipeline in 2021. This allows Moldova to diversify its gas supplies further.