News about Electricity

PARIS – The war in Iran has caused a dramatic redistribution of global wealth.

Currently, there is a restriction on electricity supply between the EU on one side and Moldova and Ukraine on the other, which was initially 1.8 GW, then increased to 2 and then to 2.4 GW.

The accident on the Isaccea-Vulcanesti 400 kV line became a stress test for Moldova’s energy system.

Romanian company Electrica announced the completion of the full acquisition of Electrica Furnizare Grup SRL – Chisinau from its subsidiary Electrica Furnizare S.A., according to a statement published on the Bucharest Stock Exchange.

The law on the creation of the Convergence Fund was published and entered into force on May 7. Thus, the process of gradual abolition of tax exemptions that have been in effect so far for Transnistrian enterprises was launched.

German Chancellor Friedrich Merz has warned that the country is going through the biggest change in decades. He made the statement at a business forum in Düsseldorf against the backdrop of the economic downturn, the energy crisis and growing global instability.

In April, state-owned Energocom purchased electricity at an average price significantly lower than in March, recording a decrease of almost 20 euros per MWh.

European Union countries’ oil and gas import costs rose sharply in March-April 2026, exceeding an additional €30 billion, European Commissioner for Energy Dan Jorgensen told a briefing in Brussels.

In the Republic of Moldova, the country’s largest electricity storage system with a total capacity of 60 MWh was put into operation in Radeni.

“Moldova does not rely on one source or one route. We are building step by step a balanced and reliable energy supply portfolio that will ensure stability and predictability. It is crucial for us that this diversification is done at a sustainable price and that the security of supply for citizens remains an absolute priority,” Energy Minister Dorin Junghietu said.

The war against Iran has fueled British interest in heat pumps. They reduce the dependence of Europeans on volatile gas prices, although they have become embroiled in political and cultural disputes over carbon neutrality (net zero).

Moldova is withdrawing from the Energy Charter Treaty (TCE), an international agreement dating back to the 1990s, which, according to the authorities, is no longer in line with the energy transition policy and the development of renewable energy sources. The draft was approved by Parliament in two readings at today’s session.

Chairman of the Parliamentary Commission on Economy, Budget and Finance Radu Marian, along with other MPs from the PAS faction, registered a bill aimed at strengthening the state’s ability to react quickly in an energy crisis or emergency preparedness mode.

The development of a functional and liquid wholesale market implies a gradual redirection of locally produced electricity volumes to organized markets, especially from renewable sources. This is important for the establishment of a competitive and transparent pricing mechanism, given that reliance on bilateral contracts and a limited number of counterparties limit market efficiency.

The Parliament of the Republic of Moldova will consider a draft law that envisages a change in the procedure of the state of emergency (state of emergency). The initiative envisages that the state of emergency will no longer be fixed at 60 days and will be able to last from 30 to 90 days, depending on the assessment of risk indicators.

German power prices collapsed to record lows on Sunday amid a surge in solar generation and mild weather that reduced demand over the weekend.

A draft law aimed at stimulating investments in renewable energy sources and electricity storage systems has been registered in Parliament. The initiative provides for tax and customs exemptions, as well as changes in state support mechanisms.

UPDATED. On Sunday, April 26, a code orange is in effect throughout Moldova due to the intensification of winds, which has already caused serious consequences in various regions. State-owned Moldelectrica reports numerous failures in transportation power grids, especially in the central and northern regions of the country. Operational teams are working in a reinforced mode to localize the failures and restore the electricity supply.

Moldovan President Maia Sandu is paying a visit to Ukraine on Sunday, April 26. The trip is timed to coincide with the 40th anniversary of the Chernobyl nuclear power plant accident and includes a meeting with President Volodymyr Zelensky.

Ukraine is ready to hold trilateral talks with Russia on the territory of Azerbaijan on condition of “Russia’s readiness for diplomacy”. Ukrainian President Volodymyr Zelenskyy said this during his working visit to Azerbaijan on 25 April.