Moldova Buys Energy on Romanian Exchange at Prices Higher than in Germany

On Sunday, October 30, starting at 10:00 a.m., the supplies of electricity purchased by SA Energocom from the Romanian power exchange – SA OPCOM. The amount of electricity varies from hour to hour from 20 MW to 125 MW. The price of electricity also varies, the state secretary of the Ministry of Infrastructure and Regional Development (MIRD) Constantin Borosan said on his page, writes mold-street.com The cost of the purchase was previously announced by Deputy Prime Minister Andrei Spinu in his Telegram channel. “Thus, as of October 30, 875 MWh has been purchased in total (minimum 20 MWh and maximum 125 MWh, depending on the hours of consumption) at an average cost of 132 euros/MWh. Energocom will continue to buy daily energy from OPCOM to ensure the energy security of our country,” said Andrei Spinu. The price of 132 EUR/MWh (about 2.5 lei per kWh) is twice as high as the price of energy procured from Moldovan thermal power plant in Cuciurgan (Moldovan GRES). At the same time, Constantin Borosan claims that during peak hours the price is about 5.5 times higher. It is worth mentioning that the electricity spot price in Romania was the highest in the European Union on Thursday, October 27. According to profit.ro, the average daily price of electricity with delivery on Thursday, October 27, on PZU in Romania, even taking into account a decrease of 1% compared to the previous day, is 178.91 euros/MWh (877.3 Romanian lei/MWh). “The average price of electricity traded on the next day’s market, governed by the OPCOM since Friday, October 21, when the state of emergency was declared in Moldova, was 178.8 euro/MWh, 60% above the average for Western European states, where the average price was below 110 euro/MWh and a third above the average in Central Europe,” profit.ro notes. For example, in Germany the spot price of electricity was 119 euro/MWh, in France it was 122 euros, and in Sweden it was 60-65 euros/MWh. Thus, Romania and Bulgaria register the highest prices in the EU, followed by Croatia and Slovenia with prices of 174 euros. High prices are also in Finland and the Baltic States, which last month were much lower than in Romania, Bulgaria or Serbia. It is still unclear how Moldova will be supplied with electricity from November 1, given that Tiraspol authorities have threatened to significantly reduce the supply of electricity from Moldovan GRES to a share of only 23% of our country’s demand. Point