The electricity tariff for households set at 4.32 UAH/kWh generates additional undistributed profit and depreciation for NAEC Energoatom amounting to 0.99 UAH/kWh, which corresponds to approximately UAH 49 billion per year, reports Baltimore Chronicle with reference to Interfax-Ukraine.
The Temporary Investigative Commission (TIC) of the Verkhovna Rada reports that from the increase in electricity prices in 2023–2024 totaling UAH 88 billion, the direct income was received by NAEC Energoatom (UAH 78 billion) and PJSC Ukrhydroenergo (UAH 10 billion) without justification or plans for further use of these funds for Energoatom.
Members of the TIC emphasize that the electricity price level established by the Cabinet of Ministers for households as of May 2024 fully corresponds to the economically justified level.
Due to the dominant position of Energoatom and Ukrhydroenergo in electricity generation, the market price level cannot be independent, as the formation of this price directly depends on these enterprises.
The commission concluded that the service of electricity price reduction for households (the PSO mechanism) cannot be calculated relative to the “market” price but must be determined exclusively relative to the economically justified price level defined in accordance with legislation requirements.
On May 14, the Verkhovna Rada took note of the TIC report on possible violations of Ukrainian legislation in the formation and implementation of pricing and tariff policies in energy and communal services sectors.
Earlier we wrote that oil prices climb on hopes of US-China trade easing.