The National Agency for Energy Regulation rejected the request to increase the electric power tariffs made by the joint stock company “Termoelectrica”. The decision was taken in the December 20 meeting of the Agency, IPN reports.

The Agency’s director Sergiu Ciobanu said the request of SA “Termoelectrica” was rejected for the reason that there are no sufficient arguments in this regard. “The costs incurred by them perfectly fit the tariffs that they have today,” he stated.

“Termoelectrica” director Veaceslav Eni said he is not satisfied with the Agency’s decision. “We consider the Agency interprets the provisions of the methodology and legislation incorrectly,” stated Veaceslav Eni. According to him, the price of gas used to generate electric power represents over 80% of the tariff and the power production costs increased.

“Termoelectrica” in August submitted an application to the National Agency for Energy Regulation by which it asked that the power tariff should be raised by 12.3%.

A week ago, a request to increase the power distribution and supply tariffs for domestic and non-domestic users was also made by the enterprises of the group Union Fenosa în Moldova. The Agency’s Administration Board will take a decision within 180 calendar days of the registration of the application.