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Moldova

With a power score of 1.84, Moldova ranks number 45 among emerging markets and number 72 in the global power ranking.

  • Emerging markets
  • Europe

1.84 / 5

Power score


+11 places

Global power rank change


2021
2022
2023
102
83
72

Overview

Moldova has a power score of 1.84, which puts it at rank 72 in the global power ranking, and rank 45 in the emerging markets power ranking. In comparison to 2021, Moldova has improved in the power rankings by 30 places, from rank 102, to rank 72.

At 1.84, the power score of Moldova is lower than the regional average of 2.18 in the Europe region.

Regional power score comparison

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Moldova

Power

Power policy

Moldova implements policies in 6/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in Tariff
Net Metering
Import tax incentives
VAT incentives

Power prices and costs

The average electricity price in Moldova has increased from 94.45 USD/MWh in 2021 to 108.62 USD/MWh in 2022. Since 2017, the average electricity price in Moldova has fluctuated between 94.45 USD/MWh (2021) and 118.8 USD/MWh (2018).

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Power market

The top amount of capacity installed in Moldova in 2022 was in Natural Gas at 56.77%, down from 57% in 2021. The technology with the biggest increase in capacity installed in 2022 was Solar PV at 1.14%, up from 0.73 in 2021.

Installed capacity (in MW)

2014201620182020202201K2K3K MW

Electricity generation (in GWh)

2014201620182020202202K4K6K GWh

The largest electricity generating technology in Moldova in 2022 was Natural Gas, generating some 79.11% of electricity, down from 79.27% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Small Hydro at 4.07%, up from 3.8% in 2021.

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Utility privatisation

Which segments of the power sector are open to private participation?

Generation: Yes
Transmission: No
Retail: Yes

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

Yes

Doing business and barriers

Type

Question

Availability

Currency of PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

No

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Yes

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Yes

Type

Question

Availability

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

No

Transport

Transport policy

Moldova implements policies in 1/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

Yes
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

Download report

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