On 24 June 2022, the national regulatory authorities of the Republic of Moldova and Ukraine (ANRE and NEURC), transmission system operators (Moldelectrica and Ukrenergo), the European Commission (DG Energy and the Support Group to Ukraine) and Energy Community Secretariat experts discussed how to ensure fair compensation to transmission system operators for the costs of hosting cross-border flows of electricity, known as the ITC Mechanism. This is important for ensuring the continuity of electricity market integration of Moldova and Ukraine with the Continental Europe power system following the emergency synchronization of the two countries. The technical assistance is implemented in the framework of the EU4Energy Governance Project.
During the meeting, participants discussed initially identified gaps in the implementation of the ITC Mechanism in both countries, the needed assistance and further cooperation with ENTSO-E on this topic.
Successful implementation of the ITC Mechanism is needed to bring Moldelectrica and Ukrenergo closer to ENTSO-E standards, with the final goal of ensuring fair electricity price formation and bringing benefits to final customers (households and businesses) in both countries.
This publication was produced with the financial support of the European Union. Its contents are the sole responsibility of the Energy Community Secretariat and do not necessarily reflect the views of the European Union.
The EU4Energy Governance Project is co-funded by the European Union and implemented by the Energy Community Secretariat.