Sweden is contributing $9.63 million to the Republic of Moldova’s Energy Vulnerability Reduction Fund. The United Nations Development Programme (UNDP) announces that the funds will enable the country’s government to directly cover bill compensations during the winter period of 2023-2024 for energetically vulnerable households.
“This year, 91% of households receiving bill compensations will pay rates similar to those of the previous year. This would not have been possible without the support of our development partners, who help us face challenges with dignity,” said Alexei Buzu, the Minister of Labor and Social Protection.
In the 2022-2023 winter season, approximately 895,000 households benefited from bill compensations. During that time, UNDP facilitated contributions to the Energy Vulnerability Reduction Fund: $10 million from Sweden and $6.67 million from Switzerland.
According to a UNDP impact assessment study, the compensations reduced the level of energy poverty by 43%, with the greatest impact on the most vulnerable families; 83% of costs for natural gas bills were compensated.