Modernization of Moldovan Wholesale Electricity Market
National Agency for Energy Regulation in Moldova has implemented new Wholesale Electricity Market Rules in August 2020, aligning with European targets. The new model defines roles, market mechanisms, and procurement procedures to enhance competition, facilitate new supplier entries, and promote market coupling. Operational segments are set to start in October 2021 with transitional mechanisms in place. The model focuses on procurement processes, technical requirements, and contractual frameworks to ensure efficient market operation and increased competition.
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Presentation Transcript
Wholesale Electricity Market Rules and their further implementation National Agency for Energy Regulation 24/09/2020 High Level Policy Talks
New Model of the Moldovan Wholesale Electricity Market On 7th August 2020 National Agency for Energy Regulation has approved a new version of the Wholesale Electricity Market Rules 24/09/2020 High Level Policy Talks
New Model of the Moldovan Wholesale Electricity Market Transposes the European target model Establishes the requirements regarding the functioning of DAM, IDM, BM, AS and bilateral contracts market Defines new roles for market participants Creates the necessary conditions for the new suppliers to enter the wholesale electricity market and as a result pushing for greater competition Sets the standards for the electricity procurement procedures for universal service suppliers, last resort suppliers and system operators Creates premises for the further coupling of electricity markets 24/09/2020 High Level Policy Talks
New Model of the Moldovan Wholesale Electricity Market 04 Full Market segments operational October 2021 Entry in force of new market rules with transitional mechanism 03 02 01 April 2021 TSO to elaborate and approve necessary procedures and technical framework 1st January 2021 Entry in force of electricity procurement procedure 24/09/2020 High Level Policy Talks
Step 1 Electricity procurement procedure Continuous qualification process Different contracting periods Different products that can be traded Increase of competition on the wholesale market segment EnCS could monitor the procurement process for first two years 24/09/2020 High Level Policy Talks
Step 2 TSO s procedures and technical requirements Network Code amendments Minimal requirements for qualification as a BRP/BSP Framework contracts for BSP/BRP Developing procedures for submission of fixed and daily offers on the balancing market Developing procedures for calculation of supplied balancing energy 24/09/2020 High Level Policy Talks
Step 3 Implementation of electricity market rules with transitional mechanism Market functionalities that will start in October 2021 Transitional mechanism for balancing energy procurement Bilateral contracts Balancing responsibility Capacity allocation Imbalance settlement 24/09/2020 High Level Policy Talks
Step 4 Fully functional Market Designated Market Operator Government decision on lunch of DAM, IDM and BM ANRE decision on lunch of AS 24/09/2020 High Level Policy Talks
Thank you for your attention! 24/09/2020 High Level Policy Talks
www.anre.md +373 22 852 955 +373 22 852 901 anre@anre.md Chi inau, Republic of Moldova str. A. Pu kin 52/A, MD 2005 24/09/2020 High Level Policy Talks
