: :inin Kyiv (EET)

Ukraine reduces wholesale market price of electricity


The National Energy and Utility Regulation Commission (NEURC) has lowered the forecasted wholesale market price of electricity for 2017 by 15.2%, to UAH 1,285 per 1 MWh.

The relevant decision was unanimously adopted at the NEURC meeting Tuesday.

”It is proposed to reduce the wholesale market price by 10% from January 1, and by 5.8% from April 1, so the price in 2017 will decrease by 15.2%,” Head of the National Energy and Utility Regulation Commission Dmytro Vovk said.

According to the document, from January 1, NEURC will lower the wholesale market price of electricity by 10% – from the current price of UAH 1,490 per 1 MWh to UAH 1,342 per 1 MWh. In addition, from April 1, the commission will lower the price by 5.8% to UAH 1,264 per 1 MWh, which will generally reduce the current price in 2017 by 15.2%, to UAH 1,285 per 1 MWh.

At the same time, the price in the third and fourth quarter will remain at the level of UAH 1,264 per 1 MWh.

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