The European Union has proposed allocating an additional €30 million to the Republic of Moldova amid rising energy prices. The announcement was made by European Commissioner for Enlargement Marta Kos during a speech in Parliament. According to the official, the funds are intended to support citizens most in need of assistance with their energy bills.
Marta Kos explained that over the past two years, the European Union has supported Moldova’s efforts to strengthen its energy independence, expand domestic energy production and build more resilient infrastructure.
However, new regional developments, including the closure of the Strait of Hormuz and falling water levels in the Danube and Prut rivers, have created further uncertainty and added pressure on energy prices, the European Commissioner noted.
Speaking in Parliament, Kos also said that Moldova’s efforts and resilience in the face of foreign interference and hybrid attacks are being recognised and appreciated across Europe.
“Europeans see a nation standing up to foreign interference and hybrid attacks. They see a nation that has made a clear choice in favour of Europe. And that matters more than ever,” the European official said.
The announcement comes as Moldova faces mounting pressure from electricity procurement costs. Energocom reported an average purchase price of €195.90 per MWh in October, while the National Agency for Energy Regulation has prepared a draft proposal to increase the regulated price of electricity supplied by the central electricity supplier.
The budget allocated for energy compensation during the 2026-2027 heating season is estimated at 2.7 billion lei.