Ukrainian industry under threat from high electricity tariffs

Ukrainian industrialists warn that high electricity tariffs put production at risk

Leading industry associations of Ukraine issued a joint statement on negative impact of electricity tariffs on the national industry.
This is reported by the RBC-Ukraine.

President of the association «Ukrmetallurgprom Alexander Kalenkov stressed that The cost of electricity for business in Ukraine is sometimes higher than the tariffs in European countries.
As a result, Ukrainian enterprises lose competitive advantage in international markets.

Business warns of possible production shutdown

General Director of a metallurgical plant Mauro Longobardo said that his company was on the verge of closure due to a sharp increase in tariffs.
According to him, the following are currently being considered the possibility of termination of operations in Ukraine.

Industrialists call for anti-crisis state support

Executive Director of the Association of Cement Producers «Ukrcement Lyudmila Kripka noted that the state should Introduce temporary anti-crisis support instruments for energy-intensive and export-oriented industries.

“We need to create compensation mechanisms so that the industry can survive until the electricity market stabilises,” Kripka said.

Monopoly control and tariff transparency

Industrialists also called for NEURC to strengthen control over state monopolies, The Ministry of Finance of Ukraine is also responsible for checking the real costs and transparency of tariff calculations.
In addition, the statement suggests remove administrative barriers, which artificially increases the cost of electricity for enterprises.