Reduction of Electricity Tariffs in Moldova Is Coming into Force

The new electricity tariffs came into effect today, April 13, after the National Energy Regulatory Agency (ANRE) approved them on Thursday. They are published in the Official Monitor of the Republic of Moldova. Thus, consumers in the northern Moldova will pay 3 lei 58 bani per kWh, which is 26 bani less than now, as moldpres.md reports. The price for consumers in the central and southern parts of the country will be 2 lei 99 bani, which is 43 bani less than the current tariff. According to ANRE, the decrease in tariffs is due, in particular, to a decrease in the average purchase price of electricity, the exchange rate of the national currency against the US dollar and the use of consumer price indices. The price of electricity fell after Energocom had signed in late March a new six-month contract on purchasing electricity from Moldavskaya GRES (MGRES) at USD 66/MWh, which is seven dollars less than in the last four months. The last time electricity became cheaper on January 1, 2023.