Friday, January 29, 2010

Steel and chemical industry get subsidized electricity

National Electricity Regulation Committee decided to leave the electricity prices for chemical and steel industry intact at least till March 2010. Electricity prices remain stable for these industries since October 2008. Currently, depending on volume of consumption these industries pay UAH 0.4221 per kWt/h or UAH 0.5624 per kWt/h.

Despite promises to reform its energy sector and increase tariffs to cost-covering levels the practices of cross-subsidization in the energy sector persist in Ukraine.

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