The problem is not that it is necessary to import electricity, but the auctions for access to the intersection are furious, the holding noted.
Industrial enterprises of Ukraine, for which it is very important to have a constant supply of electricity, comply with the government’s order on the need to import 80% of electricity. But due to the fact that it can only be bought for one day, they are forced to overpay insane amounts. The CEO of the company spoke about it Metinvest Yuri Ryzhenkov in an interview with Forbes.
“The problem is not even that we have to import electricity – in Ukraine the prices are not lower than in Europe The problem is that the auctions for access to the intersection are furious, because the big buyers have to buy 80% of their consumption the greater the competition in crossing, the more you pay for it,” he explained.
According to Ryzhenkov, it often happens that the company pays more for the crossing than for the electricity itself. That means double the extra electricity bill. In addition, these auctions are daily, and the company cannot predict its activities.
“We cannot buy a section for months, six months, a year and with predictability and when we come to an auction, we buy the section at any price, we have no other choice leadership in this problem, I hope to hear we at the Department of Energy: We need long-term contracts.
In the past, energy experts said that currently the capacity for electricity import in Ukraine is limited: the interstate cross-section is only 1.7 GW. At the same time, the demand for electricity in mining and metallurgical complexes alone exceeds this figure. That is, imported electricity is not enough to meet the needs of the entire Ukrainian industry. Electricity prices are rising because of this shortage.
We remind you that from June 1, 2024, the Cabinet of Ministers significantly increased electricity bills for the population – up to 4.32 UAH/kWh. At the same time, Ukraine increased the maximum price of electricity for businesses.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.