Ukrainian ferroalloy producers opposed the plan to increase electricity price upper limits as they announced operation stoppages.
INDUSTRIAL ENTERPRISES OF UKRAINE MAY STOP DUE TO INCREASE IN ELECTRICITY TARIFFS
Alexander Zavgorodniy, Director for Economics and Finance of the Nikopol Ferroalloy Plant (NFP), said that electricity is the main component of the cost of the plant’s products, so the rise in prices will significantly affect the economy of the enterprise.
“Given the likely increase in price caps, rising prices in the electricity market, as well as intentions to increase the cost of transportation and dispatching of electricity, we have decided to stop the operation of the enterprise from November,” the top manager said, adding that the enterprise plans in advance in this case is idle in the winter.
https://open4business.com.ua/en/ind...-stop-due-to-increase-in-electricity-tariffs/
Ann: MEDIA RELEASE H1 2022 NPAT USD60 Million UP 231%, page-169
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