The Economic Stimulus Program provides for an increase in electricitytariffs for the population

The Cabinet of Ministers published the main provisions of the Economic Stimulation Program to overcome the consequences of restrictive measures to prevent the onset and spread of coronavirus disease.

It provides for ensuring the financial stability of the system, ensuring the transparency of the market system and ensuring the sustainable development of the power system. In particular, the revision of electricity tariffs for the population and viewing a feed-in tariff.

“Under quarantine, the energy sector suffers losses associated with reduced consumption by industry and the public. Manual regulation of the market led to a drop in prices in the electricity market and a shortage of funds to cover the operating costs of electricity producers,” the plan says.

Earlier, Prime Minister Denys Shmyhal said that the Cabinet of Ministers did not plan to raise electricity tariffs for the population this year.

Find out more about the Economic Stimulus Program by clicking.

Tags: The Cabinet of Ministers, tariffs, NNEGC "Energoatom", legislation, electricity, NEURC, The Minystry of Energy and Coal Mining, feed-in tariff, коронавирус, electricity market, debt, ВИЭ, PSO, draft law, price, volumes, The National Energy and Utilities the Natuonal Regulatory Commission, power system balance, infrastructure, electricity transmission, transmission system operator, Shmyhal, quarantine, pandemia, population, COVID-19, энергетическая безопасность, power system, generation, crisis, Buslavets, The Ministry of Energy

Read also

Славянская ТЭС приостановила работу
The Ministry of Energy and Energoatom reached a compromise on the revision of the new Charter
The number of employees tested positive for Covid-19 increases at RNPP