FEE Nord, the Balti-based power utility servicing the northern districts of Moldova, has asked the energy regulator ANRE to raise electricity rates by about 50%, it announced in a press release.

The utility said it used an official methodology to calculate the increases so that the rates cover “the actual costs and expenses”.

In particular, FEE Nord asks for 2.0314 lei/kWh (VAT excluded) at the entry points to the transportation grid; 2.1764 lei/kWh at the exit points from the transportation grid, 2.4564 lei/kWh for final consumers connected to medium voltage distribution systems, and 3.0664 lei/kWh for final consumers connected to low voltage distribution systems.