Moldova's Energocom seeks 10% electricity tariff cut for consumers
Moldova's state-owned electricity company, Energocom, is poised to request a 10% reduction in consumer tariffs, potentially offering relief to households grappling with rising costs. The move, announced by CEO Victor Bînzari on Rlive, could see household electricity bills decrease by up to 10% if approved by the National Agency for Energy Regulation (ANRE).
Driving the Request:
Bînzari cited Energocom's profitability as a key factor behind the proposed reduction. He explained that the company's methodology dictates tariff adjustments based on profit margins, and with current earnings exceeding set thresholds, a decrease is warranted to avoid financial imbalances. This proactive approach demonstrates Energocom's commitment to responsible financial management and consumer well-being.
Impact on Consumers:
If approved, the reduction could translate to significant savings for Moldovan households, particularly those already struggling with inflation and economic pressures. Lower electricity bills would free up disposable income, potentially stimulating spending and boosting the broader economy.
Market Context:
It's important to note that Energocom secured energy supply contracts for 2024, primarily relying on the Cuciurgan Power Plant, thermal power plants, and European market producers. Any remaining energy deficit will be covered through purchases from the OPCOM exchange. This diversified approach aims to ensure stable and affordable electricity throughout the year.
Looking Ahead:
ANRE's decision on Energocom's request is expected by the end of January. The agency will carefully assess the proposal, considering factors like market conditions, financial viability, and potential consumer benefits. While the outcome remains uncertain, Energocom's initiative underscores its commitment to responsible pricing and consumer support.
Translation by Iurie Tataru
