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Energoatom cannot cover the preferential tariff for electricity – regulator

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Only UAH 11.5 billion remains for Energoatom’s operational activities, with a minimum requirement of UAH 18.4 billion.

NAEC Energoatom covers approximately 90% of the financial burden to ensure a preferential electricity tariff for the population and therefore does not fully cover the costs of implementing the provision on the imposition of special duties (hereafter referred to as PSO). This on Friday, May 19, was confirmed by the meeting materials of the National Commission for State Regulation in the Spheres of Energy and Utilities (NKREKU).

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“Energoatom covers approximately 90% of the financial burden required to perform the special duties and incurs significant financial costs as part of the JI implementation. For the 1st quarter of 2023, the cost of the service reached at 72.6% of the company’s net income from electricity sales, while the total income Energoatom in the amount of UAH 29.7 billion does not cover the cost of the PSO Service in the amount of UAH 30.34 billion,” the document said.

It was mentioned that after deducting JI service costs from net income – for operating activities Energoatom Only UAH 11.5 billion remains. with a minimum requirement of UAH 18.4 billion.

Thus, the company does not have enough funds to pay mandatory costs, which include: wages, taxes, financial costs, security and defense of nuclear power plants, gradual repayment of debts to NEK Ukrainergopurchase of nuclear materials at VostokGOK.

“At the same time, the company needs to finance the production program, the supply of nuclear fuel, repair, investment program and other activities,” the company added. Energoatom.

It will be recalled that in April the government again postponed the increase in electricity prices for the population for at least another month – until the end of May. Now the population pays UAH 1.44 per kWh if less than 250 kWh is consumed per month and UAH 1.68 per kWh if more than 250 kWh per month is consumed.

At the same time, the Minister of Energy German Galushchenko said that the revision of electricity tariffs will help to continue the energy system in the new autumn-winter season.

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Source: korrespondent

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