13 Nov 2024 11:20

Ukraine imposes temporary restrictions on power consumption by industries - Ukrenergo

MOSCOW. Nov 13 (Interfax) - Ukraine imposes temporary restrictions on energy consumption by industries and businesses on Wednesday due to a brief decline in shunting generation capacity, Ukrainian media said, citing Ukrenergo.

"Temporary restrictions on business and industrial consumers are imposed on November 13. The reason is a brief decline in shunting generation capacity and a substantial reduction in electricity imports," Ukrenergo said.

The restrictions will be in effect during the day and will be lifted in the evening after equipment operation is fixed, it said.

No restrictions will be imposed on households.

However, residents are asked to save electricity, especially on peak hours.

Additionally, Ukrenergo has urged businesses to accelerate electricity imports for their needs as a way to avoid forced capacity restrictions.

Regional energy companies said the capacity restrictions on industrial enterprises and businesses will be in effect from 7 a.m. to 8 p.m. on Wednesday.

As reported, electricity imports considerably decreased in recent days to less than 2,000 MWh as electricity prices are growing in Europe. The price of electricity on the day-ahead market (DAM) amounted to 13,627.32 hryvni/MWh in Hungary and 11,942.52 hryvni/MWh in Romania on November 12, which exceeds the price cap of 9,000.00 hryvni/MWh set on the DAM of Ukraine in the daily period from 11 a.m. to 5 p.m.

Former Ukrainian Energy Minister Olga Buslavets said on a social network that imports might be unavailable in the fall-and-winter season, causing restrictions on consumers, unless price caps are reviewed on the Ukrainian market.

The National Commission for State Regulation of Energy and Public Utilities approved on October 1, 2024 an increase in the maximum price on the daily market and the intraday market (IDM) in the period from 11 a.m. to 5 p.m. by 23% from 5,600 to 6,900 hryvni/MWh.

A draft of the commission's respective resolution was published on its website awaiting proposals, but not approved by the initially scheduled date of October 31.