Wednesday, May 21, 2008

Ukraine to transfer to market prices in electric energy exports to Moldova since summer 2009

Ukraine will start to export electric energy by market prices to Moldova in summer 2009, Fuel and Energy Minister Yuriy Prodan told journalists.

He specified that such an agreement was reached during his negotiations with Moldovan First Vice Prime Minister Igor Dodon. 'It will be either on June 1 or July 1, 2009. Since that moment the electric energy supplied to Moldova will cost not less than on Ukraine's domestic market", the minister said.

Yuriy Prodan also informed that with this aim an agreement was reached with the Moldovan party on changing dynamics of a price increase for the exported electric energy. According to the Minister, till now, the value of electric energy exported from Ukraine was increased by one cent per one kilowatt a month. "With such rates I don't even know when we are able to reach the electric energy market price. Therefore, an agreement was reached about the change of a formula approach", Yuriy Prodan said.