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Ukraine’s Energy Ministry asks to establish minimum electricity prices

Source : 112 Ukraine

To stabilize the situation, market participants declared the need to take urgent measures to implement the previously worked out proposals
17:36, 2 June 2021

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The Ministry of Energy of Ukraine asks National Energy and Utilities Regulatory Commission (NEURC) to take a set of measures that would allow resolving problematic issues in the electricity market. This is stated by the press service of the Ministry of Energy.

"Today, in the organized segments of the electricity market, there is such a pricing situation that potentially poses a threat to the security of electricity supplies to consumers, the stable passage of the autumn-winter period and, in the future, creates risks for the synchronization of the Ukrainian energy system with the European ENTSO-E systems," the statement says.

Related: National Commission bans import of Russian and Belarusian electricity to Ukraine for four months

To stabilize the situation, market participants declared the need to take urgent measures to implement the previously worked out proposals.

"In order to eliminate the threat of violation of the security of electricity supply, we ask at the next meeting of the NEURC to consider the proposals submitted by market participants to resolve problematic issues of the electricity market," the message says.

As we reported earlier, the Ministry of Economy, Trade and Agriculture published the calculations of the average price of fuel and diesel fuel on the basis of which the gas stations can establish their mark-up as the ministry reported.

“On the basis of the calculations of the Naftogaz-Ukraine, the average cost is determined of a liter of diesel fuel ULSD 10 ppm and a liter of GASOLINE 10 ppm,” the message said.

Thus, the average price of a liter of ULSD 10 ppm makes 20.91 hryvnias ($0.76) and a liter of GASOLINE 10 ppm makes 24.92 hryvnias ($0.91).

Related: Zelensky signs law requiring to ban electricity imports from Russia

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