Ukrainian electricity turns out to be many times more expensive than in developed European countries

Electricity prices have seen a dramatic increase in Ukraine. On July 6, 2020, the average daily price of electricity on the day-ahead market in the Unified Energy System (UES) of Ukraine increased by 54.12% (by UAH 513.11 / MWh), and reached UAH 1 461.11 / MWh (compared to June 29). This was reported by the Ukrainian News agency with reference to the data of the state-owned enterprise Market Operator.

Meanwhile, journalists looked into the prices of the European energy exchange Nord Pool and found out that the price in the Unified Energy System of Ukraine (€ 47.89 / MWh) is several times higher than in the EU countries:

• Norway - 44 times: 1.09 euros / MWh;

• Denmark - 34.7 times: 1.38 euro / MWh;

• Sweden - by 29.7 times 1.61 euros / MWh;

• Germany - 3.3 times: 14.28 euros / MWh;

• Austria - 2 times: 24 euros / MWh.

This increase can hardly be attributed to the improved standard of living, the development of local production, or other economic indicators that are much worse in Ukraine compared to the listed countries.

As reported earlier, raising electricity prices in Ukraine is in the interests of an oligarch Rinat Akhmetov and his business. Cheaper atomic energy is being supplanted while thermal and green sectors are on the rise. At the same time, the oligarch used his influence on the government in order to increase his earnings in the energy sector.

Andrey Pshenichnyi for the site