The Cabinet of Ministers raised the price of electricity for household consumers

The Government has approved a decision to extend the provision imposing special obligations on electricity market participants. It establishes a single fixed electricity price for individual and collective household consumers at UAH 4.32 per kWh. The decision was made at a government meeting on May 31. The tariff will be valid until April 30, 2025.

During the heating period (from October 1, 2024 to April 30, 2025), a preferential tariff for consumers using electric heating installations is provided at the level of UAH 2.64/kWh (if they consume up to 2000 kWh of electricity per month during this period).

The “night tariff” with a two-zone meter will be UAH 2.16 per kWh.

Energy Minister Herman Galushchenko noted that due to the economic situation, he could not afford to increase the price of electricity for households to the market level (almost 7.5 UAH/kWh). However, the state cannot maintain the ultra-low preferential price for all consumers. The previous tariff of UAH 2.64 covered only a third of the real cost of electricity.

Earlier, the media reported that the tariff might be increased on June 1 under a different scheme. The fee for consumption up to 100 kWh was supposedly planned to remain unchanged at UAH 2.64/kWh, and then a new tariff of UAH 4.8/kWh was to be applied.