Economic

Energocom to return 1 billion lei to state budget

In the context of the stabilisation of the natural gas market, the decline in the price of its purchase, and taking into account the sufficient reserves accumulated for the 2023-2024 heating season, SA "Energocom" will return to the state budget financial means worth 1 billion lei.

A decision to this effect was approved at the meeting of the Emergency Situations Commission.

Another decision is to increase the capacity to transport gas to storage facilities in Ukraine. The operator of the transmission system will make available to SA "Energocom", for the period until November 1, 2023, additional capacities created during the entire period at all interconnection points.

In addition, in order to ensure the necessary electricity supply for the domestic market, in the period October-December 2023, SA "Energocom" will procure the electricity requested by suppliers and system operators, by concluding contracts on the basis of direct negotiations or through the exchange.

In the event that the conditions for procuring electricity are modified, suppliers and system operators will conclude, within 2 working days of signing the purchase contracts, additional agreements to the contracts with SA "Energocom".

Translation by Iurie Tataru

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