Premier Energy Asks for a Significant Electricity Tariff Increase

Premier Energy, the largest electricity distributor in the Republic of Moldova, announced that last week it applied to ANRE with a request to increase electricity tariffs for consumers. Currently, the tariff for the population is 1.51 lei/kWh; if the Premier Energy request is accepted by ANRE, the price per kWh will reach 2.79 lei. The reason why Premier Energy demands an increase in the electricity tariff is the increase by Energocom of the price of electricity supplied in the period from November to December by 96%, to 2.42 lei kWh and by 86% from January 1, 2022, to 2.29 lei per kWh compared to October 2021, reports bani.md “Financial deviations from the increase in the cost of electricity lead to an increase in the cost of buying electricity by 500 million lei in the period from November 2021 to March 2022, by about 100 million lei per month, which makes it difficult for the company to make payments for the purchased electricity,” Premier Energy said in a statement. By the end of December 2021, the company’s financial deviations amounted to 153.8 million lei. Another reason why Premier Energy requires an increase in the electricity tariff is a 100% increase in the price of electricity purchased in Ukraine since September 2021. Thus, Premier Energy calls for the approval and publication of the following tariffs for the supply of electricity, which should be applied no later than February 1, 2022: 210.50 bans/kWh for electricity released at the points of entry into the transmission network. 224.71 bans/kWh for electricity released at the points of exit from power transmission networks. 226.84 bans/kWh for end consumers whose installations are connected to high-voltage distribution networks of 35-110 kV. 241.40 bans/kWh for end consumers whose installations are connected to medium voltage distribution networks of 6-10 kV 278.99 bans/kWh for end consumers whose installations are connected to low voltage distribution networks of 0.4 kV. Point