President's Representative tells how to reduce price of electricity for Ukrainians by 20%

Source : 112 Ukraine

According to Gerus, the decision to impose special duties on Ukrhydroenergo and Energoatom companies will reduce the Ukrenergo tariff by more than three times
11:47, 20 August 2019
Open source
Andriy Gerus, the representative of the President of Ukraine in the Cabinet of Ministers, told how to reduce the price of electricity for consumers by 20%. This was reported by the press service of the President’s Office.

President Zelensky held a meeting with representatives of the Cabinet and relevant departments regarding the situation on the electricity market.

At the briefing, Gerus announced that an agreement had been reached. It consists of three steps necessary to reduce electricity prices.

According to the president’s representative, the Cabinet of Ministers should approve the resolution on imposing special duties on Ukrhydroenergo and Energoatom companies.
Related: How does Ukrainian electricity market work?

"We expect that this resolution will reduce the Ukrenergo tariff by more than three times. Now it is 0.01 cent (32 kopecks) per kWh, and 0,003 cent (8-9 kopecks) is expected," Gerus said.

He also added that another factor that will contribute to the cheapening of electricity should be the change in price caps (limit the price of electricity). Increase the night price by 10%, and reduce the daily price by 20%.

“Thus, this may give an additional reduction in the final tariff for the consumer by another 9%,” Gerus said.

According to him, if these three measures are implemented, then you can get about 20% of the tariff reduction for all consumers.

Earlier it was reported that the Cabinet of Ministers of Ukraine planed to reduce the cost of electricity for industry. For this, it plans to amend the regulations on special obligations in the electricity market.
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