Energocom starts DAM purchases, marking a new phase for Moldova’s energy sector
The Republic of Moldova has made a significant milestone in its electricity market. On December 10, the Moldovan Electricity Market Operator (OPEM) launched the Day-Ahead Market (DAM). On this occasion, Energocom completed its first transaction on the platform, symbolically purchasing 1 MWh of electricity.
This acquisition has confirmed the operability of the new market, with the company evaluating how the Day-Ahead Market can enhance the diversification and transparency of electricity procurement mechanisms.
"This operation marks a new beginning for the national energy sector. The Day-Ahead Market is a crucial step towards developing a competitive and sustainable system that aligns with European standards," a company press release stated.
The functioning of the Day-Ahead Market facilitates price formation based on supply and demand, providing participants with greater opportunities for optimization and efficient energy portfolio management.
Energocom also emphasizes the strategic importance of this new opportunity, highlighting its role in strengthening the country's energy security and encouraging investments in production and infrastructure.
Additionally, the Day-Ahead Market lays the groundwork for the Republic of Moldova's deeper integration into European energy markets, as the company notes.
The “Electricity Market Operator M” (OPEM), a subsidiary of the Romanian energy exchange OPCOM, was designated as the operator of the energy market in the Republic of Moldova by the National Energy Regulatory Agency (ANRE) on June 30 of this year.
The establishment of this subsidiary in Chișinău aims to manage and connect the domestic energy market to the European market, as outlined in the Memorandum signed in December 2023 by the Ministers of Energy from Chișinău and Bucharest.
