: :inin Kyiv (EET)

Ukraine sees electricity exports grow by 7% since start of year

Ukraine exported US$109.5 million worth of electricity in January-August 2016, higher by 6.6% when compared to the same period in 2015, the State Fiscal Service (SFS) reported.

Electricity supplies to Hungary accounted for 75.7% of total revenues from power exports, according to the SFS.

Power supplies to Poland made up 23.9% of total power export volumes and to Moldova, less than 0.3%.

In August, Ukraine exported US$10.4 million worth of electricity to Hungary.

Power exports to Poland amounted to US$678,000.

Power imports in the period under review were worth US$2.8 million, which was less by 20 times than in the same period last year.  

As reported by UNIAN earlier, Ukraine saw a reduction in foreign currency earnings from power exports by 3.2 times in 2015 compared with 2014, from $487.2 million to $150.1 million.

Ukraine`s largest private energy holding DTEK, owned by Rinat Akhmetov, secured access to Ukraine`s bandwidth interstate electric grid with a capacity of 2,125 GWh, which makes up 88% of total capacity.

In July, 2016, Head of the National Energy and Utility Regulation Commission Dmytro Vovk raised the issue of competitiveness of electricity prices in Ukraine, in view of the fact that prices of electricity for households were ten times lower, as compared to prices in developed countries in the EU and lower by twice for the industrial sector.


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