Several large industrial enterprises in Ukraine may suspend production starting in November due to expected rise in electricity costs. This was reported by the specialized Ukrainian portal UkrRudProm
According to the portal, representatives of the Nikopol ferroalloy plant, as well as Marhanets and Pokrovskyy ore-dressing and processing plants shared their plans for a possible work stoppage. They stated this during the discussion of the draft decision of the National Commission, which carries out state regulation in the energy and utilities sector, on the change in electricity price limits on the day-ahead market, intraday market and balancing market.
“Given the likely increase in price caps (electricity price caps), the rise in prices on the electricity market, and the intention to raise the cost of transporting and dispatching electricity, we have decided to stop the company’s operations already from November,” the portal quotes Oleksandr Zavgorodnyy, director for economics and finance at Nikopol Ferroalloy Plant, as saying.
According to Ukrrrukprom, the deputy chief power engineer of the Pokrovsky GOK, Oleksandr Petrovets, said that an increase in the electricity price cap would make it impossible for the company to operate, and that there is a high probability of production stoppages in November. For his part, Volodymyr Bodnar, deputy board chairman of the Marganets mine, said that the plant may also shut down operations due to higher electricity costs.