Business news from Ukraine


19 January , 2019  

Electricity exports operations, which volume grows by 15-25% every year since 2016, is beneficial for Ukraine, Energy and Coal Industry Minister of Ukraine Ihor Nasalyk said in the parliament on Friday.
He said that electricity is exported at the price formed on the domestic wholesale market and includes not only subsidy certificates (the sums that households do not pay due to the fact that tariffs are lower than the production cost), but also the investment element of all Ukrainian power companies.
“With exporting electricity we settle internal problems at the expense of external consumers,” the minister said.
As reported, in 2018, Ukraine exported electricity for $331.942 million, which is 41% more than a year ago.