Yesterday’s High-Level Policy Talks under the EU4Energy Governance project were dedicated to electricity market integration between Ukraine and Moldova and the progress achieved in electricity market reforms.
The discussions focused on the latest state of play of national market reforms in Moldova, which are needed to ensure a smooth transition to a system where the transmission system operator plays the role of central party for balancing energy and imbalance settlement. Cooperation on cross-border exchanges and balancing is important for the optimal use of balancing resources and this is an area to be explored further in the context of future market integration.
While progress has been made in the in relation to inter-TSO agreement for the settlement of cross-border deviations, the development of joint rules and the process of launching cross-border capacity allocation is still to be finalized. In the following six months, the stakeholders agreed to join forces in ensuring that electricity market rules in Moldova, together with cross-border exchanges with Ukraine, are implemented at the latest by the third quarter of 2021. The Secretariat’s experts reiterated the importance of a renewed commitment in order to implement the necessary market reforms that will continue to bring Ukraine and Moldova closer to its EU and Energy Community peers.
* The EU4Energy Initiative covers all EU support to improve energy supply, security and connectivity, as well as to promote energy efficiency and the use of renewables in the Eastern Partner countries Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. It does this by financing projects and programmes that help to reform energy markets and to reduce national energy dependence and consumption. Over the longer term, this makes energy supply more reliable, transparent and affordable, thus reducing energy poverty and energy bills for both citizens and the private sector.