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Current model of specific duty in electricity market proposed to be extended until August 1

Source : 112 Ukraine

The Cabinet of Ministers was to present a new model imposing of specific duty this week
18:28, 25 June 2021

Open source

The current model of imposing a specific duty in the electricity market proposed to be extended until August 1. The press service of the Ministry of Energy reported this.

"Given these factors, the Ministry of Energy has initiated an extension of the current imposing of specific duty until August 1," the statement said.

Related: Ukraine’s Energy Ministry asks to establish minimum electricity prices

It is reported that the situation in the electricity market in May-June completely distorts the possibility of adequate forecasting of the model of financially stable operation for imposing specific duty participants.

"The new model of imposing of specific duty should implement two main tasks: to protect socially vulnerable groups through tariff reductions and predictability, as well as to provide generation companies with the opportunity to modernize production facilities and stable operation," the Ministry added.

And it is necessary to determine the exact amount of money that the market currently needs to implement these tasks.

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

Earlier, it was reported that the Cabinet of Ministers will present a new model of imposing of specific duties in the electricity market this week.

It is about the imposing of specific duty on participants in the electricity market to ensure the public interest in the functioning of the electricity market.

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