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Forecast wholesale market price of electricity in Ukraine to remain unchanged in August 2012

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July 24, 2012, 10:32 a.m. | Business — by Interfax-Ukraine

The forecast price of electricity on the wholesale electricity market of Ukraine from August 1, 2012 will remain unchanged at Hr 686.16 per megawatt-hour (VAT not included).
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The forecast price of electricity on the wholesale electricity market of Ukraine from August 1, 2012 will remain unchanged at Hr 686.16 per megawatt-hour (VAT not included), the National Commission for Energy Regulation (NCER) has told Interfax-Ukraine.

The decision is stipulated in commission resolution No. 903 of July 18, 2012.

The commission expects that in 2012 the forecast price of electricity on the wholesale electricity market will grow by only 10%.

The commission recalculates the forecast wholesale electricity market price every month, taking into account the expected cost of its production. Energy supply companies take the forecast wholesale electricity market price into account when calculating electricity retail tariffs.

The National Commission for Energy Regulation regulates the activity of monopoly entities in the energy sector and oil and gas industries, and implements state price and tariff setting policies in these spheres.

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