At its meeting on 31 May, the Cabinet of Ministers of Ukraine approved a decision to extend the provision on the imposition of special obligations (PSO) on electricity market participants, which sets a single fixed price for individual and collective household consumers at UAH 4.32/kWh until 30 April 2025. This was announced by Energy Minister German Glushchenko following the meeting.

In addition, during the heating period (from 1 October 2024 to 30 April 2025), a preferential tariff for consumers using electric heating installations is provided at the level of UAH 2.64/kWh (if they consume up to 2000 kWh of electricity per month during this period).

Meanwhile, the "night tariff" (with the appropriate two-zone meter installed) will be UAH 2.16 per kWh.

"The tariff increase is a difficult but necessary step. The goal is not to be left without electricity, to maintain the system. We are facing a large-scale reconstruction that will require a lot of effort and money. All this time, the repair campaign at generation, distribution and transmission facilities has been ongoing. Unfortunately, we understand that the enemy will continue to shell energy facilities, and we must use all possible resources," said German Galushchenko.

If russia had not been systematically destroying Ukraine's energy infrastructure, he added, tariffs would have remained unchanged so far.

The Minister noted that in the difficult economic situation due to the war, it is impossible to allow the price of electricity for households to rise to market level (almost 7.5 UAH/kWh), but the Government is not capable of maintaining an ultra-low preferential price for all consumers. After all, the electricity tariff of UAH 2.64 covered only a third of the real cost of electricity.

"State support should be fair and targeted at those who really need it. Those who cannot afford to pay for electricity services at the new tariff will receive assistance from the state - targeted subsidies," the Energy Minister said.

With an average monthly electricity consumption of 170 kWh, the electricity bill will increase by UAH 285.