The President of Ukraine Volodymyr Zelensky initiates the replacement of Rotterdam+ by Rotterdam-, as the President’s Representative to the Cabinet of Ministers Andriy Gerus said at the briefing broadcasted by 112 Ukraine.
“By the order of the President of Ukraine and Administration, a bill which will be presented to the Verkhovna Rada on Monday was prepared. This bill is called “On reduction of electrical energy”, in particular, it was proposed that Rotterdam+ was canceled and another formula should be used instead of it. It might be called Rotterdam-“,” Gerus said.
“This bill provides that this plus (the price for coal delivery from Rotterdam to Ukraine, 8,000 km by sea, which was non-existent, as nobody delivered coal from there) should be taken away from the respective formula. If the quality of the coal is low, it means that the price for the coal should be lower, than that is enrolled in the tariff. Therefore, there might be a discount from 1 to 10% considering the quality of the coal. This plus makes around 428,5 million,” Gerus explained.
Rotterdam+ is a way of the formation of price for coal in the manufacture of thermal electric power in Ukraine. It was imposed in May 2016.