About past, present and future of Ukraine

Search mobile

Main Business In Ukraine, electricity tariffs are set to increase

Business

In Ukraine, electricity tariffs are set to increase

537
In Ukraine, electricity tariffs are set to increase

Share this article

On October 1, the National Commission for State Regulation of Energy and Public Utilities began the process of reviewing the maximum electricity prices for the "day-ahead" market, intraday market, and balancing market.

These tariffs only apply to businesses.

According to the regulator's press service, the decision will not affect fixed electricity prices for the population.

The review process will include public discussions where all interested market participants can submit their suggestions. The need to revise electricity prices stems from the requirement to ensure conditions for commercial imports of electricity from Europe to cover potential power shortages during the autumn-winter period, especially amid possible Russian attacks on Ukraine's energy system.

The new tariffs are expected to take effect on October 31, 2024. The proposed maximum prices are as follows:

  • For the "day-ahead" and intraday markets:

    • 00:00 to 07:00 – 5,600 UAH/MWh
    • 07:00 to 17:00 and 23:00 to 24:00 – 6,900 UAH/MWh
    • 17:00 to 23:00 – 9,000 UAH/MWh
    • Minimum price – 10 UAH/MWh
  • For the balancing market:

    • 00:00 to 07:00 – 6,600 UAH/MWh
    • 07:00 to 17:00 and 23:00 to 24:00 – 8,250 UAH/MWh
    • 17:00 to 23:00 – 10,000 UAH/MWh
    • Minimum price – 0.01 UAH/MWh

This revision will increase the maximum price for the "day-ahead" and intraday markets between 11:00 and 17:00 from 5,600 UAH/MWh to 6,900 UAH/MWh.

As for households, electricity tariffs remain regulated by a government resolution. Over the past two years, household electricity prices have significantly increased.

The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...