Retail electricity prices for industrial enterprises in Ukraine increased by an average of 20% in the first ten days of May compared to the average price in April. This information was provided by former Energy Minister Olga Buslavets.
This is reported by Finway
The average electricity price index in the “day-ahead” market for the first 13 days of May was €112 per MWh, which is one of the highest figures in Europe.
“Objective factors that influenced the price include: cold, gloomy weather (which affected consumption growth), low solar activity, four out of nine nuclear units were under repair, low water levels for hydropower plants due to the absence of flooding, and some thermal power units were also shut down to conserve gas,” Buslavets explained.
At the same time, the commissioning of one nuclear power unit after repairs on May 12 led to a decrease in market prices. However, the Ingulets Mining and Processing Plant, which is part of the Metinvest group, continues to be idle due to high electricity and logistics costs. The plant ceased operations in the summer of 2024, as it cannot ensure a competitive production cost for export markets.