Electricity rates to go up by 25 percent across Ukraine from March 1

The National Energy and Utilities Regulatory Commission of Ukraine will increase the minimum electricity price for households by 25 percent from March 1, 2016 to UAH 0.57 per kWh.

As reported by Censor.NET citing UNIAN, a two-year schedule of electricity tariffs increase for households was approved by the Commission in February 2015.

The next stage of increase in electricity prices is scheduled for Sept. 1, 2016.

According to the document, the minimum amount of low-priced electricity is set at 100 kWh. The total amount of electricity above 100 kWh will be charged at a price of UAH 0.99 ($0.04) per kWh. When the monthly electricity consumption is above 600 kWh, the price will amount to UAH 1.56 ($0.06) per kWh for the volume exceeding the specified level.

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As previously reported, it is planned that by March 2017 electricity consumers will be divided into two groups, with the volume of consumption up to 100 kWh per month and the volume exceeding 100 kWh per month. For the first group of consumers the price of electricity will amount to UAH 0.90 ($0.03) per kWh, and for the second group the price will be UAH 1.68 ($0.06) per kWh.