News about Electricity
The new British Prime Minister, Andy Burnham, has announced the elimination of VAT on electricity for households. Starting October 1, the rate will drop from the current 5% to zero. According to government estimates, this will save families at least 45 pounds (about 1,060 Moldovan lei) per year.
Energy consumption for air conditioning in Europe is growing rapidly. Moldova ranks second in terms of growth rate.
More than 1,113 MWh of electricity was sold on the OPEM platform in a single day, accounting for about 9.2% of Moldova’s average daily consumption. This is a new record.
The massive artificial intelligence boom that has shaped global markets over the past few years has run into a harsh economic and infrastructure hangover.
The Ministry of Energy has confirmed that negative electricity prices may emerge in Moldova in the near future—that is, producers will pay consumers to dispose of the excess electricity they generate.
National legislation will establish a mechanism for coordinating and approving energy infrastructure projects of strategic importance, which will ensure priority treatment for projects developed in partnership with European Union member states.
Romania became the largest recipient of the latest tranche of funding from the European Union’s Modernization Fund, receiving 636.9 million euros for investments in the energy sector out of a total of 2.5 billion euros, allocated to 11 EU member states.
A widespread power outage occurred this morning on the southern coast of Crimea and in Simferopol. The outage was caused by damage to a high-voltage power line. Several cities and towns on the peninsula were left without power.
At 10:00 a.m. today, 145 power plants operating under free-market conditions were shut down because they were unable to sell their electricity through OPEM.
A new type of energy infrastructure may emerge in Europe: railroad tracks converted into solar power plants. The Swiss startup Sun-Ways announced the successful completion of the first year of testing a system of photovoltaic panels installed directly between the rails of an operational railroad&
In June, the state-owned company Energocom purchased 41.3 million euros worth of electricity, a 12% increase from May, amid a heat wave and a sharp rise in prices on the stock exchange.
According to a statement from the Ministry of Energy, construction work on the 400-kV Vulcănești–Chișinău overhead power line and related infrastructure has been completed, and the “Energy Independence” line has entered the final stage of testing prior to its commercial commissioning.
On the OREM electricity exchange on June 30, transactions with a volume of at least 1 MW·h, indicating growing activity among companies operating in the renewable energy sector, as well as the effective functioning of market mechanisms.
A powerful storm that struck Romania following several days of abnormal heat resulted in one fatality, widespread flooding in Bucharest, and serious damage to infrastructure in dozens of towns and villages. The capital and 20 other counties in the country were hit hardest by the storm.
The Ministry of Energy of the Republic of Moldova and the International Bank for Reconstruction and Development (IBRD), a member of the World Bank Group, have signed an agreement to provide grant funding of up to $1.7 million to prepare a project for the construction of new, highly efficient thermal and electric power generation facilities for Termoelectrica S.A.
Spain had been developing renewable electricity so aggressively that it eventually found itself with a surplus.
Gas prices on European exchanges are rising again. On Monday, the price of July futures on the TTF hub rose by more than 3%. Prices recovered from their recent drop below $490 and are once again heading toward the psychological threshold of $500 per thousand cubic meters.
A flat VAT rate of 20% on natural gas, electricity, and heating will lead to the impoverishment of citizens and the weakening of the national economy.
The 400-kV Bălți–Suceava power line, dubbed the “Line of Sustainability,” will be built by the Turkish company SA-RA, which won an international tender; the contract between SA-RA and the state-owned company Moldelectrica was signed last Friday.
At the meeting of the secretaries-general on June 22, a draft resolution of the Moldovan government was reviewed and approved, exempting the state-owned enterprise Moldelectrica from paying to the budget income tax on revenue received in 2025 in the amount of 26,997,786,25 lei.
