The Regulator has re-launched the procedure for reviewing electricity price caps

"As we said earlier, we will start the procedure for reviewing the price caps in order to respond promptly," said Yuriy Vlasenko, the Commission's Chairman, during the discussion.
In the draft proposed by the NEURC, the price caps are still at the current level, but may be increased to the European level or even cancelled before the final decision.
The need to revise the price caps is argued to create conditions for commercial imports of electricity from Europe.
"Since December 1, we have [the opportunity to import] 2.1 GW. And what do we have? We don't have 2.1 GW. The highest figure is 70%, because importers will not enter our market if it is not profitable for them. We ask you to consider it and cancel the price caps," MP Viktoria Hryb said.
The revision of price caps will not affect the fixed level of electricity prices for households, but may lead to higher prices for businesses.
Representatives of the Nikopol Ferroalloy Plant warned that an increase in price caps could lead to the shutdown of energy-intensive enterprises. "Imports will increase the price and bury the ferroalloy industry one hundred percent," one of the company's top managers, Oleksandr Zavhorodnyi, emphasised.