Energocom has signed a new electricity supply contract with OMV Petrom Romania, effective January 10–31, 2025. Under the agreement, Moldova will purchase a 30 MW band of electricity available around the clock.
Although the contract price remains undisclosed, Energocom stated that it is lower than current market offers. The company expects price fluctuations in the coming weeks due to increased economic activity and higher energy demand in Romania and Moldova.
“The contract with OMV Petrom reduces reliance on stock exchange purchases, which are more volatile,” Energocom noted.
This agreement follows a similar arrangement in late 2022 when Energocom purchased electricity from OMV Petrom to mitigate a crisis caused by halted deliveries from the Cuciurgan power plant. Since January 1, 2025, Moldova’s right bank has stopped receiving electricity from the Cuciurgan plant after Gazprom ceased gas supplies.
To address the deficit, Moldova covers consumption through local sources, including Chisinau and Balti district heating plants, the Costesti hydroelectric power plant, renewable energy sources, and electricity imports from Romania under bilateral contracts. Moldova also buys additional electricity on Romania’s OPCOM exchange.
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For the first quarter of 2025, Energocom will triple its electricity purchases from Romania’s Nuclearelectrica, securing a 100 MW band at an average price of €80/MWh. The Ministry of Energy has also announced plans to contract another 100 MW from OMV Petrom’s Brazi plant and potentially procure up to 200 MW from OPCOM to meet peak consumption needs.
According to the Crisis Cell’s data, as of January 8, electricity consumption on Moldova’s right bank is fully covered through commercial contracts, with sources distributed as follows:
- Electricity imports from Romania: 46.42%
- Termoelectrica: 33.16%
- Renewable energy: 15.03%
- CET-Nord: 4.83%
- Costesti hydroelectric plant: 0.56%
These measures aim to stabilize Moldova’s energy supply amidst ongoing challenges.