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Ukrainians pay for electricity less than Europeans

This statistic breaks down the myth that the electricity tariffs in Ukraine are too high
20:04, 10 September 2018

112 Agency

Ukrainians pay for the electrical power in two-three times less than people in the European states including the neighboring states, as the data of the Eurostat, published by the press office of the National Commission, which deals with the state regulation in the energy and utility areas, says, Economic News report.

In Ukraine, the electrical power for the domestic consumers costs $0,04 kWh. The price for the electricity in Bulgaria is the second cheapest, the residents pay $0,11 kWh. In Lithuania, people pay $0,13 kWh for the electric power, in Hungary - $0,12 kWh, in Croatia – $0,15 kWh. Prices are most high in Germany - $0,36 kWh.

Related: 53 Ukrainian populated localities left with no electricity

This statistic breaks down the myth that the electricity tariffs in Ukraine are too high.

As Oksana Kryvenko, the Head of the National Regulatory Commission of Energy and Utilities, noted the Rotterdam+ formula restricts the price increase for the electricity and preserves the lowest tariffs in Ukraine.

“I personally think that the formula approach restricts the increase of the price on the electrical power. It saves the means of the consumers on the limited cost of the coal. If we set the current price for coal on the international markets, the consumer would pay more. And today our prices are the lowest in the Europe. Ukrainians pay three-four times less than the people in the neighboring states,” she said.

Related: Russia to supply electricity to occupied Donbas for another year, - mass media

Earlier, on August 23, the National Regulatory Commission of Energy and Utilities decided to eliminate the regulation on the approval of the procedure for the formation of the wholesale prices for the electrical energy (Rotterdam+ formula). The decision will come into force with the beginning of the new electricity market operation (in 2019).

The new composition of the National Regulatory Commission of Energy and Utilities requested EURACOAL and in initiated the research and analysis of the reasonableness of the formula approach. EURACOAL confirmed that the indicative formula is the right approach for the introduction of the fully-scale open free market of the electrical power. The European experts are sure that the API2 index is the best indicator for the prices change for the coal in Ukraine.

Related: Who dictates the need for rising the gas tariffs in Ukraine

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