Cabinet of Ministers Plans to Reduce Electricity Prices for Industrial Consumers
The new model of Ukraine's electricity market was launched on July 1, 2019
Ukrainian Cabinet of Ministers plans to amend the resolution on special obligations in the electricity market to reduce electricity prices for industrial consumers. This was stated by Minister of Energy and Coal Industry of Ukraine Igor Nasalik during a government meeting, Novosti Donbasa reported.
“Today at a meeting of the Cabinet of Ministers of Ukraine we are introducing certain changes to the resolution on special obligations which will enable large consumers of electricity, in particular metallurgy, ferroalloys <…> to significantly reduce the price that they have today,” he said.
The new model of Ukraine’s electricity market was launched on July 1, 2019. An electricity market launch is part of Ukraine’s planned energy reforms. Its aim is to make the Ukrainian electricity market competitive