The FINANCIAL — The EU4Energy High Level Policy Talks took place on 20 July in Lviv, Ukraine. The Moldovan and Ukrainian authorities participating in the event discussed the path towards further electricity market integration between the two countries in line with the EU Energy Community acquis.
Both the Republic of Moldova and Ukraine are currently going through the process of reforming their wholesale electricity markets. As part of this process, it is important to ensure that the same, Energy Community acquis-compliant rules apply to cross-border electricity transactions in the two neighbouring countries.
“Both countries stand to benefit from increased security of energy supply, while Moldovan consumers and industry additionally stand to gain from potentially lower electricity prices as a result of increased competition on the electricity market. The Energy Community Secretariat including via the EU4Energy Governance Project will continue to support the two countries in this endeavour,” said Janez Kopač, Director of the Energy Community Secretariat.
Joint and coordinated cross-border capacity allocation is also a prerequisite for future market coupling between Moldova and Ukraine’s Integrated Power System (IPS) synchronised zone. Moreover, increased coordination between the EU Neighbourhood countries and Ukraine’s Burshtyn Island regarding cross-border capacity calculation and allocation rules would also facilitate much needed trade with the EU.
The event was organised in the framework of the EU4Energy initiative, which 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, the Republic of 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.
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