The price of electricity for industry will rise: forecast from an expert

According to the forecast, electricity consumption in Ukraine in March 2020 will decrease by 8% compared to 2019. But consumption by the population will increase. At the same time, the price of electricity will rise for industry.

Vice president of Energy Club Ivan Hryhoruk shared his thoughts about the work of the IPS and renewables durind quarantine for Kosatka.Media.

According to him, If you look at the structure of consumption, industrial production stops there and the consumption of electricity by the population increases.

“It is difficult to talk about the volume of these changes – the new market does not work transparently, information from Market Operator and Guaranteed Buyer about the structure of electricity consumption is made confidential, as a result, the system operator does not have real information on the balancing market. The new scheme of market relations, practically declared by the Law, does not work — subsidies and cross-subsidization are increasing, and debts are increasing”, he said.

Regarding the work of the electric energy market, the amount of cheap energy of nuclear power plants will decrease due to an increase in expensive renewable energy sources, said Hryhoruk.

“The price for industrial consumers, medium and small businesses, utilities and budgetary institutions will increase, while beneficiaries maintain tariffs for the population”, the expert said.

According to the forecast, in March 2020, consumption will decrease by 8% compared to March 2019.

Consumption by the population is growing and in March the growth will be about 15% (but we must keep in mind the correctness of information from universal service providers).

Read more: How are the IPS and renewables working during quarantine in Ukraine

Tags: NPP, tariffs, electricity, ВИЭ, price

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