The Regulator reduced the tariff of Ukrinterenergo by 34.9% from October 1

The National Energy and Utilities Regulatory Commission (NEURC) approved the reduction of the tariff for the services of SE Ukrinterenergo, from October 1 today at its meeting. The enterprise perform as “the supplier of the last resort” and the tariff will be reduced by 34.9% (by UAH 137,91/MWh) – up to UAH 239.28/MWh (excluding VAT), Energoreforma informs.

The new tariff was calculated based on data on actual prices for electricity on the day-ahead market (the DAM) in July-August.

For the third quarter of 2020, Ukrinterenergo's tariff was UAH 377.19/MWh excluding VAT.

According to the Law "On the Electricity Market", the price for the services of “the supplier of the last resort” is determined by the results of a tender, during which such a supplier is determined. However, since the corresponding tender did not take place, on December 12, 2018, the Cabinet of Ministers approved Ukrinterenergo as SoLR without a tender.

Ukrinterenergo will perform as SoLR until January 1, 2021.

Tags: The Cabinet of Ministers, contracts, tariffs, legislation, electricity, NEURC, Ukrenergo, Ukrinterenergo, Supplier of the "last hope", ETL, electricity market, PSO, negotiations, price, agreement, volumes, The National Energy and Utilities the Natuonal Regulatory Commission, infrastructure, energy sector, electricity transmission, IPS, population, generation, The Ministry of Energy, economy, market, power grid, electricity consumption

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