Happy New Year Ukraine: your electric bill goes up 9.5% today (but we’re not buying separatist coal!)

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January 1, 2018 – Fort Russ News –

– Novorosinform, translated by Tom Winter –

Kiev. Ukraine’s National Regulatory Commission for Energy and Utilities increased the wholesale market price of electricity 9.5% effective January 1.

“From January 1, the price rises 9.5% – to 1495.46 hryvnia (about $ 53) per 1 MW / h,” the regulator said in a statement. This decision also provides that on April 1, the price of electricity will grow by another 6.1% to UAH 1,586.69 (about $ 56) per 1 MWh. The forecast for the average annual wholesale price for 2018 is set at UAH 1,561.99 per 1 MWh, 15.4% more than in 2017.

One of the reasons for the increase was the increase in the price of coal on the world market. The regulator also explains the increase by devaluation of the hryvnia and high inflation.

Recall that in August the Ministry of Energy of Ukraine recommended raising the price of coal for the co-generation [Combined heat and power –tr] plants.

In addition, a representative of Ukrteploenergo [Ukraine heating and power] predicted a more than 15% increase in prices, referring to the current offers of suppliers and indexes.

The source added that such an increase in the index price was also motivated by the need to increase the extraction of coal from the bituminous class to replace the scarce coal of the anthracite class.

Background: 
1. July 18, the US tripled the price of coal for Ukraine. A day later, Ukraine agreed on a ruinous contract.
2. Recall that on April 18 in Ukraine, a fifth thermal power plant operating on anthracite, the Slavyanskaya TPP in Mykolayivka, ceased operation. Earlier, Ukraine was forced to stop the country’s four largest thermal power plants – Trypillia, Zmievskaya, Pridneprovskaya and Krivoy Rog due to lack of anthracite.

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