Spawning street protests in at least eight regional capitals, the spike in Ukraine’s gas prices stems from: cold weather, high prices in Europe, and a poorly implemented market opening that allows price gouging by suppliers. Ash again: “The Zelenskiy team will argue that this is not aimed as a major reversal in market-based energy pricing, but is a reaction to oligopoly pricing by a few bad actors in the industry. Essentially Naftogaz seems to be selling gas to consumers at UAH7 per kWh, whereas other operators are selling at prices nearer to UAH11-12 per kWh. Naftogaz can do this as it bought gas into storage cheaply and is trying to take market share.”
Spawning street protests in at least eight regional capitals, the spike in Ukraine’s gas prices stems from
