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electricity prices - Latest news GMK Center

Photo – Scrap shortage situation in Europe will get worse – Federacciai
Scrap shortage situation in Europe will get worse – Federacciai

The industry association also points to high electricity prices for Italian steelmakers

Photo – Italian Arvedi AST has stopped one of its EAFs ahead of schedule
Italian Arvedi AST has stopped one of its EAFs ahead of schedule

The stoppage is due to a technical malfunction in the system of stepping beams

Photo – Current prices for imported electricity are a problem for Ukrainian steel industry – CEO of Metinvest
Current prices for imported electricity are a problem for Ukrainian steel industry – CEO of Metinvest

Crossing access auctions are sensational, and the country needs long-term contracts

Photo – Electricity prices rose significantly in August in most European countries
Electricity prices rose significantly in August in most European countries

In Ukraine, the weighted average price for DAM in August was €126.7/MWh, which is 40.4% more than the average for 2023

Photo – Italy’s Arvedi AST to suspend EAF operations amid high electricity prices
Italy’s Arvedi AST to suspend EAF operations amid high electricity prices

The stop is planned for the end of September, it will last about a week

Photo – British Steel supports call to reduce electricity prices in the UK
British Steel supports call to reduce electricity prices in the UK

There remains a significant gap between the cost of electricity for British steelmakers and their European competitors

Photo – Еhe average cost of electricity imports doubled amid restrictions on the crossing capacity by Ukrenergo on August 3-4
Еhe average cost of electricity imports doubled amid restrictions on the crossing capacity by Ukrenergo on August 3-4

This situation arose amid a decrease in generation from renewable sources within the country and an increase in demand from industrial consumers for electricity imports

Photo – Electricity prices in Europe rose in July due to increased demand
Electricity prices in Europe rose in July due to increased demand

In Ukraine, the weighted average price for solar power in July was €134.4 MWh, which is higher than in other European countries

Photo – Unification of tariffs for electricity distribution is not economically justified – Ferrexpo
Unification of tariffs for electricity distribution is not economically justified – Ferrexpo

The company's additional costs can amount to hundreds of millions of hryvnias every year, provided the assets are operating at full capacity

Photo – ArcelorMittal Kryvyi Rih calls on the government to prevent unification of electricity distribution tariffs
ArcelorMittal Kryvyi Rih calls on the government to prevent unification of electricity distribution tariffs

This will be a devastating blow to large industry and will have a negative impact on the country's economy

Photo – Unification of electricity distribution tariffs will have a negative impact on the operations of mining and metals companies – Ukrmetalurgprom
Unification of electricity distribution tariffs will have a negative impact on the operations of mining and metals companies – Ukrmetalurgprom

Abolishing the division of consumers into classes will lead to a significant increase in costs in the industry

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