Moldova adopts crucial amendments to the Law on Electricity

The Parliament of Moldova has just adopted an amendment to the Law on Electricity. This amendment incorporates essential components of the acquis, reaffirming Moldova's commitment to integrating into the European energy market.

In particular, the amended law outlines the procedures for designating the Nominated Electricity Market Operator (NEMO), specifying criteria and regulatory responsibilities in line with the Electricity Integration Package.

Additionally, the law aligns with the EU Regulation on Energy Market Integrity and Transparency (REMIT) for the electricity sector. This complements a similar framework established for the gas market in 2022. The implementation of REMIT is crucial in preventing market manipulation and promoting energy market efficiency, ultimately benefiting consumers through fair pricing and a reliable energy supply.

A previous proposal to charge customers which want to switch their supplier with the costs of financial deviations accumulated by the universal service suppliers was removed from the Law, which was developed in close cooperation with the Secretariat.