14:06 10 Aug 2022

"Green" energy price in Ukraine is lower than conventional electricity in Europe

Electricity produced in Ukraine from renewable energy sources costs much less than the cost of electricity on the European Union market

People's deputy Lyudmila Buimister reported it on Facebook.

"Last year, the weighted average green tariff for a solar generation was about 140 euros/MWh, for wind – 100 euros/MWh.

It can confirm the falsity of the widespread myth about the supposedly expensive "green" tariff. As we can see, the cost of green generation is simply not comparable to the actual electricity prices in the EU, because only last week the prices skyrocketed to a record 500 euros/MWh," she wrote.

The state authorities must stabilize the "green" energy sector to survive the winter and preserve profits from the electricity export, Buimister emphasized.

She also added that stopping numerous initiatives to cancel the "green" tariff and unlocking the funds on the accounts of Ukrenergo for the payment of the "green" generation is necessary.

"We can see as clearly as possible in the numbers that all speculations surrounding the cancellation of the "green" tariff are cheap populism that will not lead to the prosperity of our country," concluded the People's Deputy.

According to the state enterprise"Market Operator, the price of electricity in Ukraine is five times lower than in Eastern Europe.

In Ukraine, according to the data of the state-owned enterprise, the wholesale price of electricity is 77 euros per 1 MWh.

At the same time, in neighboring Slovakia and Hungary, electricity prices reach 360 euros per 1 MWh, i.e., 368% higher than in Ukraine.

It should be recalled that the European Network of Electricity Transmission System Operators ENTSO-E has confirmed its intention to double the import of electricity from Ukraine, which was announced by the European Commission the day before.

Rubryka reported that during the first 27 days of electricity export to the European Union, NEC "Ukrenergo" sold at auctions access to interstate power grids at border crossings with Romania and Slovakia for UAH 500 million.

We want to remind you that Ukraine has joined the ENTSO-E energy grid of Europe, thanks to which the electricity produced in Ukraine can now be sold on the European market.

In the future, Ukraine aims to bring the capacity for electricity export to European countries up to 6 GW.

Read Rubryka's daily timeline of war: current news on Ukraine's defense against russia's aggression.

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