Interpipe company has announced a sharp increase in electricity prices due to the lack of competition
Since mid-December, NEK "Ukrenergo" beginning of the gradual limitation of import of electricity, eventually decreasing it to zero. As a result, during the first 10 days of January 2020 weighted average price on the day-ahead market (RDN) increased by 33% compared to the same period in December and by 11% in comparison with December in General.
the Sharp rise in electricity prices has a negative impact not only on industrial competitiveness but also the entire economy of Ukraine, reads the statement of industrial company "Interpipe" billionaire Victor Pinchuk, published on Tuesday on the official website.
"the New electricity market worked like a real market a couple of months. Artificial restriction of competition has provided an opportunity for producers to abuse market power. We do not import electricity, we buy it in Ukraine, but we believe it's important to have competition in the market, including thanks and imports," - said the Director for economy and Finance of "Interpipe" Denis Morozov.
the company noted that earlier at the expense of imports (although its volume does not exceed a few percent) on the new electricity market there was a competition among the suppliers. After rapid growth in the July-August, the price of RDN decreased to a fair level. In addition, the Ukrainian suppliers were deprived of the ability unreasonably to raise prices, because customers had the opportunity to select the provider.
"We welcome the presence of competition in the electricity market, it allows you not only to stop the growth of costs, but also to bring a running six months ago, the system of electricity supply to the real competitive energy market," said frost.
25 December 2019, the President of Ukraine Vladimir Zelensky approved amendments to the law on electricity market (No. 330-IX), which establishes a ban on the sale and/or supply of electricity imported from the Russian Federation, bilateral agreements and vnutricletocnam the market.
thus, according to the law, primatama by the Verkhovna Rada on 4 December, the Cabinet of Ministers has the right to cancel the ban for a certain term to avoid an emergency situation in the United energy system of Ukraine.
energy Minister Alexander Novak said that the decision on the ban on import of Russian electricity to Ukraine is not constructive, and expressed hope that the abolition of this decision.