Price caps restricting electricity imports from Europe, says ICC Ukraine
According to Oleksandr Trokhymets, Vice President for Energy at the Ukrainian National Committee of the International Chamber of Commerce (ICC Ukraine), price caps imposed in Ukraine make importing electricity from Europe economically unfeasible.
«Importing electricity into Ukraine to compensate for lost capacity is economically impossible, as the price of electricity abroad exceeds Ukrainian price caps. Nobody will buy electricity abroad and sell it here at a lower price,» he explained.
Trokhymets emphasized that price caps should have been abolished long ago, as they artificially restrict the market, which should be free. Unlike European price caps that protect consumers from abnormal price increases, Ukrainian price caps regulate the price of electricity itself.
