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Coal prices soar: how the state is trying to prevent a catastrophe in the heating market

Coal prices soar: how the state is trying to prevent a catastrophe in the heating market

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The electric energy market can raise the bar for price restrictions. This will help the state to successfully pass the next heating season, Vechernye Vesty reports.

For several years, Ukraine has been reducing its efficiency in coal mines. Miners are extracting less and less minerals, which significantly affects the thermal infrastructure in the state.

2020 was a downfall for this industry, the total amount of coal was halved. 2 million tons of coal per hour. The decrease in the level of production created a greater demand on the market, and accordingly increased the price of the product. From 1,800 hryvnias, the price rose to 4,230 hryvnias, excluding taxes and the process of transporting minerals.

In order to stabilize the situation and allow Ukraine to live through the next heating season, a decision is already being taken. It will establish a price ceiling for electric resources, as well as urgently increase the efficiency of coal mining.

At the same time, Ukrenergo records the continuation of significant use of electricity.

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