Business news from Ukraine

Business news from Ukraine

Ukrainian industry increased electricity consumption by 23% over four months of heating season

13 March , 2024  

During the four months of the 2023-2024 heating season, electricity consumption by the Ukrainian industry amounted to about 9.38 billion kWh, which is 23% more than in November-February 2022-2023 (7.61 billion kWh).

“Due to the stable operation of the power grid, the Ukrainian industry increased electricity consumption by 23% during the heating season,” the Ministry of Energy of Ukraine said on Wednesday.

At the same time, in November 2023, the growth was 25.75% compared to the same period of the previous year, in December – 37.56%, in January 2024 – 27.58%, and in February – 6.17%.

“The development of industry and the economy is impossible without the stable operation of the power system. This is ensured primarily due to large-scale repairs in the energy sector, which will continue in the future, and our military, which protects the infrastructure from enemy attacks,” said Energy Minister Herman Halushchenko.

During this period, electricity consumption by households also increased by almost 12% – 12.64 billion kWh versus 11.3 billion kWh.

According to the Ministry of Energy, in November-February 2023/2024, Ukrainian power generating enterprises produced more than 41.53 billion kWh of electricity, which is 16% higher than the production volume for the same period in the autumn-winter period (AWP) 2022/2023.

More than half of this electricity was generated by Ukrainian NPPs – 22.17 billion kWh, which is 22% more than in the four months of the previous Winters.

At the same time, HPPs increased electricity production by 7.5% to 4.16 billion kWh, TPPs by 10% to 13 billion kWh, and RES by 25% to 2.03 billion kWh.