The General Meeting of Electricity and Natural Gas Market Operators in Romania approved the establishment of a subsidiary company in Chisinau that will manage the electricity market. Company will be called “Operator of the Energy Market M” (OPEM), and it will be registered with the Public Services Agency with the authorized capital of 500 thousand lei.
The decision comes in the context of the signing of a Memorandum of Understanding between the Moldovan and Romanian governments on 11 December 2023 in Chisinau on the implementation of projects needed to interconnect the natural gas and electricity networks in Romania and the Republic of Moldova.
“Thanks to OPCOM’s experience, we will have a functional energy exchange as early as next year. Being a market operator in Romania, we will make the connection between the Moldovan and Romanian markets, which means that the operators of our market will have actual access to the Romanian energy exchange,” Energy Minister Victor Parlicov said.
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According to the minister, this way, Moldova’s energy market will be more easily integrated into the common energy market at the European level. As a result, a significant part of the problems faced even by renewable energy producers will be solved in the same way as in the mature markets. The issue of energy imbalance ratios, a source of dissatisfaction for producers, especially renewable energy producers, will disappear. Importing and exporting renewable energy will become easier.