Ukraine has the lowest electricity prices in Europe – for households and for industry — but the electricity distribution system is the least efficient in Europe

Friday, June 15, 2018
Ukraine has the lowest electricity prices in Europe – for households and for industry — but the electricity distribution system is the least efficient in Europe

Ukraine has the lowest electricity prices in Europe – for households and for industry — but the electricity distribution system is the least efficient in Europe, Carlos Pascual, senior vice president of IHS Energy, tells LB.ua. “It means that it does not invest enough,” says Pascual, adding that Ukraine needs $10-15 billion in investment in electricity. Pascual, who served as US Ambassador here 2000-2003, cited the experiences of Britain, Germany, and France to say: “RAB-tariffs encourage energy companies to achieve greater efficiency and to direct capital to the provision of higher quality services.”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Permits for exploring and exploiting two gas condensate fields in Lviv region

Permits for exploring and exploiting two gas condensate fields in Lviv region

Next post
Aiming to create a Ukraine-focused energy corporation

Aiming to create a Ukraine-focused energy corporation

Previous Main Topics